1. This Regulation shall apply to PRIIP manufacturers and persons advising on, or selling, PRIIPs.
2. This Regulation shall not apply to the following products:
(a) non-life insurance products as listed in Annex I to Directive 2009/138/EC;
(b) life insurance contracts where the benefits under the contract are payable only on death or in respect of incapacity due to injury, sickness or infirmity;
(c) deposits other than structured deposits as defined in point (43) of Article 4(1) of Directive 2014/65/EU;
(d) securities as referred to in points (b) to (g), (i) and (j) of Article 1(2) of Directive 2003/71/EC;
(e) pension products which, under national law, are recognised as having the primary purpose of providing the investor with an income in retirement and which entitle the investor to certain benefits;
(f) officially recognised occupational pension schemes within the scope of Directive 2003/41/EC of the European Parliament and of the Council [Directive 2003/41/EC of the European Parl
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