This session will provide an overview of recent and ongoing EU and UK regulatory developments that will impact structured notes and other structured products. Although much of the new regulatory framework is in an advanced stage of development, there is still significant rule making and guidance in the process of being drafted and some primary regulation still under consultation or being developed. The amount of regulation that will impact directly or indirectly on structured notes and products is extensive and includes the recently adopted PRIIPs legislation (primarily focused on product disclosure), MiFID II and the BRRD which will introduce a bail-in tool in the EU. A draft regulation in relation to financial benchmarks is also going through the EU legislative process. Recently the EU Commission has announced a wide-ranging review of the Prospectus Directive and a consultation in relation to an enhanced capital markets union across the EU.