Industry to press ahead with Priips: 200 pages of provisions for a three-page document

The legal uncertainty around a number of provisions in the Packaged Retail and Insurance-based Investment Products (Priips) regime has put the squeeze on the structured products industry which finds itself with a deadline to meet and the need for a 'proper implementation process'. There are a number of issues which the industry had hoped would be taken on board and/or clarified within the final Priips RTS (regulatory technical standards) such as the lack of grandfathering provisions, [and] the