FCA – Call For Input On PRIIPs

The introduction of PRIIPs has not been plain sailing for investment product providers and even after a lengthy gestation period, there are still a number of uncertainties in how PRIIPs should be applied in terms of scope and also in terms of the content of the Key Information Document. In recognition of these industry concerns, the FCA has issued a Call for Input on the workings of the PRIIPs Regulation which recognises that certain difficulties exist with how the Regulation is being interpreted and asks those in the industry and consumers alike to share their experiences.

At the same time as perhaps offering a listening ear to those using PRIIPs, the FCA notes that it is in the process of bringing forward further initiatives in response to the Asset Management Market study, and is also carrying out a thematic supervision project which will include an assessment of compliance with PRIIPs, all as part of a broader approach to improving the market for investment