Category 3 Priips Kid insufficient to comply with Mifid 2, Cube Investing

The Key Information Document (Kid) resultant of the application of the new regulatory technical standards (RTS) is not fit for purpose and manufacturers of category 3 (structured products) Packaged Retail and Insurance-based Investment Products (Priips) will not be able to comply with their Markets in Financial Instruments Directive (Mifid 2) obligations, according to Cube Investing's managing director David Stuff ( pictured ). In a client note published earlier this week, Stuff pointed that ma