New Disclosure Requirements Applying To EU Fund Distribution In 2018

Asset managers located inside and outside the European Union ("EU") must comply with the new "point of sale" disclosure requirements that will apply when they distribute financial products, and investment services, to EU investors and clients.

These requirements derive from the next iteration of the Markets in Financial Instruments Directive ("MiFID II") (applying on 3 January 2018), and the EU Packaged Retail Investment and Insurance Products Regulation (applying on 31 December 2017) (the "PRIIPs Regulation").

This Alert provides an overview of the impact on the new requirements that relate to fund distribution in the EU. The precise application of the rules will depend on the types of funds distributed in the EU, the distribution channels used, and the types of investors targeted.