No UK PRIIPs KID Clause Samples
The 'No UK PRIIPs KID' clause stipulates that a Key Information Document (KID) required under the UK Packaged Retail and Insurance-based Investment Products (PRIIPs) regulation will not be provided for the relevant financial product or transaction. In practice, this means that the product is either not intended for retail investors in the UK or is structured in a way that the regulatory requirement to supply a KID does not apply. This clause serves to clarify regulatory obligations and manage compliance risk by making clear to counterparties that the product is not being marketed or sold in a manner that would trigger the need for a UK PRIIPs KID, thereby avoiding potential legal or regulatory issues.
No UK PRIIPs KID. No UK PRIIPs key information document (KID) has been prepared as the Notes are not available to retail in the United Kingdom.
No UK PRIIPs KID. No UK PRIIPs key information document (KID) has been prepared as not available to retail investors in the United Kingdom. TE Connectivity Solutions GmbH TE Connectivity Corporation Tyco Electronics (Shanghai) Co., Ltd. The opinion and negative assurance letter, as applicable, of Weil, Gotshal & M▇▇▇▇▇ LLP, outside counsel for the Company and the Guarantor, to be delivered pursuant to Section 8(c) of the Underwriting Agreement shall be to the effect that: