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ARTICLE · 13 FEBRUARY 2018

PRIIPs And MIFID II: True Transparency And Comparability At Last?

Deloitte
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The Markets in Financial Instruments Directive II (MiFID II) and the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation rules went live in January this year.

European UnionFinance and Banking
Andrew Bulley
Andrew Bulley
Sherine El-Sayed
Sherine El-Sayed
Joy Kershaw
Joy Kershaw
Felix Bungay
Felix Bungay
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Overview

The Markets in Financial Instruments Directive II (MiFID II) and the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation rules went live in January this year, introducing requirements for firms to disclose specific information on the costs and charges of certain investment products or services. The overriding regulatory objective is to help consumers assess the value for money of these investments - since charges can absorb a significant proportion of total returns – and make more informed investment decisions.

This blog takes stock on the implementation experience of these rules to date and considers how far they have created transparency in the charges borne by investors and established comparability across investment products; we also provide an update on the FCA's latest stance.

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