The European Supervisory Authorities (EBA, Eiopa and Esma – ESAs) published on Friday (29 April) their technical advice to the European Commission (EC) on the review of the Packaged Retail and Insurance-based Investment Products (Priips) Regulation.

The advice from the regulatory authorities follows a request received from the Commission on 27 July 2021 and will serve as input for developing the Commission’s Retail Investment Strategy. The ESAs are proposing significant changes to the Priips Regulation based on the details provided by the European Commission in January 2021 on their intended approach to the review of the Priips Regulation , and has recommended the Commission to consider a broad review of the Priips framework as well

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