Structured Thoughts - Volume 1, Issue 18 - December 2010


As part of the long, ongoing process of seeking to promote a more consistent approach in the regulation of structured retail financial products, on 26 November 2010, the EU Commission published its consultation paper (the “Consultation Paper”) on legislative steps for packaged retail investment products (“PRIPs”).

It had originally been expected that the Commission would publish more detailed legislative proposals rather than a further consultation paper. The Consultation Paper does, however, build upon the earlier Commission communication in relation to PRIPs dated 30 April 2009, and a subsequent update and technical workshops. It also takes into account the recent joint report of the three Level 3 Committees (the “3L3 Report”). As with the previous consultations and reports, the Consultation Paper focuses on three key areas: (i) the scope of the definition of PRIPs, (ii) a more consistent approach to pre-contractual disclosure across different products, and (iii) the rules in relation to selling practices.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Written by:


Morrison & Foerster LLP on:

Popular Topics
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.