ESAs spell out bond features falling under Priips

The European Supervisory Authorities (ESAs) have issued today a Supervisory Statement to promote a consistent application by national competent authorities (NCAs) of the scope of the regulation for packaged retail and insurance-based investment products (Pripps Regulation) to bond markets. The statement addresses uncertainty as to the scope of the Priips regime which risks divergent applications by national regulators, ‘with negative consequences for achieving uniform levels of retail inv