FIN.

Treasury makes PRIIPs Regulations

Treasury has made the PRIIPs Regulations 2017, which will come into force on 1 January 2018.  The Regulations:

  • designate FCA as the competent authority for the PRIIPs Regulation
  • gives FCA powers where a person has infringed the PRIIPs requirements and sets out the extent of those powers and the procedure for using them
  • provide for a review by Treasury of whether the powers are appropriate and used appropriately and with the minimum regulation possible
  • makes modifications and additions to FSMA to include matters relating to PRIIPs within several parts of the Act, mainly on investigations and enforcement

Emma Radmore