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 23 June 2015, the European Supervisory Authorities (EBA, ESMA and EIOPA) published a technical discussion paper on the options for risk, performance and cost disclosures with final comments on the discussion paper being due for submission on the 17th August 2015. It is anticipated that the discussion paper will be followed by a final consultation paper later in the year.
The full discussion paper is available here
FundAssist has reviewed in detail the latest technical paper and has made a submission on behalf of its clients and interested parties.
FundAssist continues to be an industry leader and would be happy to share its findings to date on the PRIIPs regulation.
For more information on the PRIIPs Regulation please contact Seamus O’Cuill at FundAssist via email at firstname.lastname@example.org or through your regular FundAssist contact.