The EU Retail Investment Strategy: Implications For Fund Managers

What is the EU Retail Investment Strategy?

The EU Retail Investment Strategy is a legislative package which introduces significant changes to the UCITS Directive and AIFMD, as well as MiFID II, the Insurance Distribution Directive and the Solvency II Directive via an omnibus directive (Omnibus Directive). It also makes some key changes to the PRIIPs framework via an amending regulation (Amending PRIIPs Regulation).

With an objective of encouraging retail participation in capital markets, the reforms to the UCITS and AIFMD frameworks and the Amending PRIIPS Regulation are intended to improve the value for money provided by investment products marketed to retail investors as well improving the transparency and quality of disclosures of such products.