PRIIPs Options Products
CME Group is aware of the implications of the Packaged Retail and Insurance-Based Investment Products (PRIIPs)* regulation on some of our customers, especially those in the business of interacting with EU and UK retail investors. With that in mind, we have created a suite of Key Information Documents (KIDs) which cover certain products.
The CME Group Exchanges have implemented rules in connection with the implementation of the PRIIPs regulations. The CME Group Exchanges require those who offer or sell in-scope products to EU or UK retail clientele to provide the KIDs from the CME Group website. Pursuant to our rules, members of the CME Group Exchanges are required to provide a KID prior to offering, selling or otherwise arranging a transaction for a CME Group product to an EU or UK retail customer. Further, for clearing member firms that carry omnibus accounts, such firms may only carry omnibus accounts for entities that received a notice (i) notifying the omnibus account of the EU Retail Customer restrictions contained in the rules and (ii) requiring it to send a similar notice to its omnibus customers.
If no KID is available for a CME Group Exchange product, members of the CME Group Exchanges must not offer that product or otherwise make it available to EU or UK Retail Customers.
Please note that futures and options on cryptocurrencies such as bitcoin and ether must not be distributed to retail customers in the UK.
