Given the interdependency between the packaged retail and insurance based investment products (Priips) regulatory technical standards (RTS) rules and those in the markets in financial instruments directive (Mifid 2), which includes, but is not limited to the disclosure of costs and indication of a product's target market, the structured products industry has welcomed the delay in the application of Priips in order to allow for the level 2 text to be amended, agreed and consulted on for an effect

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