Priips Part I: Full circle

By December this year, the European Commission will propose changes to the regime’s legal formulation as part of a broad Retail Investment Strategy Review. This ‘level one’ review has long been sought by European Supervisory Authorities (ESAs) and market participants to both loosen and clarify wording that prevents the regime from meeting its objectives. As ESA joint committee chair Petra Hielkema ( pictured ) said as she opened a recent ESA hearing, Priips has “imp