The funds industry has finally got his way with the Ucits Priips with new ‘subtle’ changes for 2023 which will have far-reaching consequences.

The European Priips regulation is one of the most ambitious and wide-ranging initiatives in investor protection ever seen. It was originally borne out of the financial crisis in 2008 where stockmarket falls and credit events resulted in many investor’s portfolios being severely impacted. The response of the European Union (through its regulatory bodies the “three ESAs”) was two-fold and took many years to design, consult and implement. The EU’s approach consisted of a significant expansion of M

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