ESAs issue important guidance in relation to the application of the PRIIPs Regulation to corporate bonds.
Key Points:
..The ESAs have issued their final view on whether certain features within bonds are conclusive as to the existence of a PRIIP.
..Importantly, it is now clear that the view of European supervisors is that the existence of a make whole, in isolation, should not lead to a conclusion that a corporate bond is a PRIIP.
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