Priips RTS wording fails to reflect the nature of OTC derivatives transactions, JAC

The Joint Associations Committee (JAC) has raised some material concerns on behalf of its members in relation to the Packaged Retail and Insurance-based Investment Products (Priips) Key Information Document (Kid) regulation in terms of interpretation and implementation issues. In a letter to the European Commission (EC) and the European Supervisory Authorities (ESAs) the industry association points at a number of general issues around the applicability of the Priips regime to OTC derivatives as