The modifications on Regulatory Technical Standards (RTS) proposed by the ESAs under the Priips review ‘fail to address the fundamental problem posed by the fact that the Priips Kid is in practice (…) not sufficiently or at all used for the originally intended purpose,' according to the European Structured Investments Association (Eusipa).
In its response to the consultation paper released by the European regulators in October 2019 , Eusipa noted that the Priips Kid has not achieved its initial goal of ‘providing standardised and understandable product information to retail investors for cross-asset comparison and investment purposes’. “We can consider the review on two levels – and unfortunately that two-pronged view reveals the confusion still to be untangled with regards to further Priips implementation
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