(1) In this section "the PRIIPs Regulation" means Regulation (EU) No. 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs).
(2) After Article 4 of the PRIIPs Regulation insert -
1. The FCA may make rules specifying whether or not a product, or category of product, falls within the definition of a PRIIP for the purposes of this Regulation.
2. The provisions of Part 9A of FSMA listed in paragraph 3 apply to rules made under this Article as they apply to rules made by the FCA under that Act, subject to the modifications in that paragraph (if any).
3. The provisions are -
(a) section 137T (general supplementary powers), as if -
(i) the reference in paragraph (a) to authorised persons were a reference to persons, and
(ii) paragraph (b) were omitted;
(b) section 138F (notification of rules), as if subsection (2) were omitted;
(c) section 138G (rule-making instr
…