Author Topic: [EU] Packaged Retail Products  (Read 494 times)

daverobev

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[EU] Packaged Retail Products
« on: March 22, 2023, 01:02:36 PM »
So, in the EU and UK we have these stupid 'PRIPs' rules, that mean we can't buy 'things' without a KID or KIID.

Basically non-EU ETFs don't have EU-compliant factsheets, so we can't buy them.

Since the new year sometime, some other 'things' are no longer purchasable, by me, on Interactive Brokers and I just can't get my head round it.

PRIPs = Packaged Retail Investment Product, https://www.cfainstitute.org/en/advocacy/policy-positions/packaged-retail-investment-products

So - I can't buy DFN.TO, but I can buy DFN.PR.A.TO (these are two halves of a Canadian 'split share' thing - covered call stuff, for income - the former being higher yielding but riskier). I can't buy CET, but I can buy BRK.B (perhaps because the former is a closed fund? So that's not ok, but holding companies - effectively, I guess - are ok??)

Does anyone clever or financially knowledgable know how this all hangs together - @vand perhaps?

There is a hack, which is to sell puts on the things you want to buy, but a) that limits you to buying 100 shares at once and b) there need to be options available at all.

 

Wow, a phone plan for fifteen bucks!