PRIIPs

The PRIIPs Regulation will be directly applicable within the European Union (EU) from 1 January 2018 and will not require transposition by domestic United Kingdom (UK) legislation.

This regulation will oblige manufacturers and distributors of products that fall under it to provide a Key Information Document (KID) that clearly describes the product features, costs and risks to retail investors before they invest. Following the UK leaving the EU, the FCA has noted that the PRIIPs Regulation will form part of the body of EU legislation that is converted into UK law. The BestX® FX Best Execution Analytics can be a substantial aid in meeting the PRIIPS regulations as relate to FX. The application will allows users to assess the FX price received against an independent consolidated measure of the mid price in accordance with the RTS.

FCA’s disclosure rules following application of PRIIPs Regulation
May 2 2017

PRIIPS Regulation
Nov 26 2014

PRIIPS Regulatory Technical Standards (RTS)
Mar 08 2017