Priips  

Government says Priips regulation is 'not fit for purpose'

The Kids were due to be replaced with a “narrative description” of performance by the end of this year.

The FCA also planned to introduce rules to clarify the scope of the Priips regulation for corporate bonds, making it clearer that certain common features do not automatically make them into a Priip.

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However, it is unclear how much of this work will be carried forward in the new regulation.

sally.hickey@ft.com