Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation entered the Official Journal of the EU on 9 December 2014, thus requiring all PRIIPs to have a KID document in place by end December 2016. UCITS funds are exempt from this requirement until end December 2019 at which point the PRIIPs KID will also be mandatory for UCITS funds.
On 17 November 2014, the European Supervisory Authorities (EBA, ESMA and EIOPA) published a discussion paper seeking feedback on the issues facing the industry in drafting Level II Technical Standards on the form and content of the new KID document.
FundAssist gathered and compiled the views of interested parties to make one submission to the European Supervisory Authorities. After receiving feedback from our clients and contacts in the wider investment industry we made the submission on February 12th. FundAssist welcome the opportunity to discuss any PRIIPs KID and UCITS KIID that may arise.
For more information on the PRIIPs Regulation please contact Seamus O’Cuill at FundAssist on +353-1-2079752.