Structured product participants laud PRIIPs outcome

EU
By Rob McGlinchey
16 Apr 2014

The Packaged Retail and Insurance-based Investment Products directive (PRIIPs), which was approved by the European Parliament on Tuesday evening, has been welcomed by the European structured products industry.

PRIIPs was adopted with 637 votes in favour, 26 votes against and 16 abstentions. The positive feedback from the industry follows the lobbying effort that took place during the trialogue between the European Parliament, Commission and Council, with an agreement being reached on April 1.

“This will expand ...

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