packaged retail investment product
Defined in Article 4, Packaged Retail and Insurance-based Investment Products Regulation
Definitions over time (2)
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24/12/2016 – today applies on 11/11/2026 Article 4, Packaged Retail and Insurance-based Investment Products Regulation Scope: Whole act Also: PRIP
For the purposes of this Regulation, the following definitions apply:
‘packaged retail investment product’ or ‘PRIP’ means an investment, including instruments issued by special purpose vehicles as defined in point (26) of Article 13 of Directive 2009/138/EC or securitisation special purpose entities as defined in point (an) of Article 4(1) of the Directive 2011/61/EU of the European Parliament and of the Council (^{2}), where, regardless of the legal form of the investment, the amount repayable to the retail investor is subject to fluctuations because of exposure to reference values or to the performance of one or more assets which are not directly purchased by the retail investor;
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29/12/2014 – 24/12/2016 Article 4, Packaged Retail and Insurance-based Investment Products Regulation Scope: Whole act Also: PRIP
For the purposes of this Regulation, the following definitions apply:
‘packaged retail investment product’ or ‘PRIP’ means an investment, including instruments issued by special purpose vehicles as defined in point (26) of Article 13 of Directive 2009/138/EC or securitisation special purpose entities as defined in point (an) of Article 4(1) of the Directive 2011/61/EU of the European Parliament and of the Council (^{19}), where, regardless of the legal form of the investment, the amount repayable to the retail investor is subject to fluctuations because of exposure to reference values or to the performance of one or more assets which are not directly purchased by the retail investor;