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PRIIPs - Overview and FAQs

PRIIPs applies to funds and products marketed to EEA-resident retail investors and involves producing and issuing a generic pre-sale document.

Overview

 

From 1 January 2018 the Packaged Retail and Insurance-based Investment Products Regulation ("PRIIPs Regulation") will come into force which aims to increase the transparency and comparability of investment products through the issue of a standardised short form disclosure document - the PRIIPs Key Information Document (KID).

The Regulation is intended to make it easier for retail investors to understand and compare the key features, risk, rewards and costs of different products in scope of PRIIPs through the provision of the KID. This is a free-of-charge pre-contractual, stand-alone document that is to be shared with the investor prior to the conclusion of any transaction.

The regulation applies to PRIIPs products and services purchased by an EEA Resident Retail Investor, regardless of their nationality. The regulation is applicable worldwide, no matter where a PRIIP is purchased, as long as it is purchased by an EEA Resident Retail Investor.

We have outlined more information below regarding the key changes and impacts of PRIIPs.

Frequently Asked Questions

PRIIP KIDs microsite

This Website http://priips.hsbcprivatebank.com/ provides you, as a client of HSBC Private Banking, with illustrative Key Information Documents (KIDs) for a group of Foreign Exchange and Precious Metal products as required by the PRIIPs Regulation.

Please do not hesitate to contact your Relationship Manager or Investment Counsellor if you require further information.

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