Regulatory Alerts2019-11-12
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Joint Consultation Paper concerning amendments to the PRIIPs KID
The European Supervisory Authorities propose amendments to the PRIIPs Delegated Regulation to allow the appropriate application of the PRIIPs Key Information Document by UCITS and relevant non-UCITS funds. These proposals address regulatory issues identified since the implementation of the PRIIPs KID for products currently in scope, particularly as the temporary exemption for UCITS is set to expire on 31 December 2021. The consultation targets insurance companies, investment firms, and credit institutions manufacturing, selling, or distributing PRIIPs, with responses due by 13 January 2020.
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