HARGREAVES & BESTINVEST DITCH PRODUCTS DUE TO NEW REGULATION – Due to the sweeping regulatory changes, buy-side businesses such as Hargreaves Lansdown and Bestinvest have dropped specific investment products. Hargreaves have pulled almost 300 investment trusts and 1,200 ETF’s from their site after the business failed to comply with a new regulation, Priips (packaged retail insurance-based investment products). Priips were introduced alongside MiFID II and have also caused Bestinvest to temporarily suspend their International Biotechnology Trust, Sanditon Investment Trust and Baring Emerging Europe. The red tape has been designed to give investors more information about the risks of investing. The new reporting standards which were introduced two days before MiFID II has left companies scrambling to produce the new documents detailing potential risks. #SpartanInternational