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ARTICLE · 20 NOVEMBER 2017

EU PRIIPs Regulation – Relevance To Fund Managers Explained

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On 1 January 2018, European Union (EU) Regulation (No 1286/2014)[1] on key information documents for packaged retail and insurance-based investment products (PRIIPs) comes into force.

European UnionFinance and Banking
John Verwey
John Verwey
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Background

On 1 January 2018, European Union (EU) Regulation (No 1286/2014)1 on key information documents for packaged retail and insurance-based investment products (PRIIPs) comes into force. It will require that a key information document (KID) be prepared for each PRIIP that is made available to "retail investors" within the territory of the EU from 1 January 2018.

There are ongoing requirements that also apply under the PRIIPs Regulation, such as the need for the KID to be published on the website of the product manufacturer (i.e., the fund manager or the fund). The Regulation and requirements do not apply to products that were made available to retail investors within the territory of the EU up to 31 December 2017 but ceased to be available to retail investors after this date.

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