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ARTICLE · 29 DECEMBER 2017

PRIIPs

ELVINGER HOSS PRUSSEN, société anonyme
Explore more from ELVINGER HOSS PRUSSEN, société anonyme

As a reminder, on 1 January 2018, persons and entities advising on or selling a PRIIP (not benefiting from the grandfathering period like UCITS funds or AIFs ...

European UnionFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen

As a reminder, on 1 January 2018, persons and entities advising on or selling a PRIIP (not benefiting from the grandfathering period like UCITS funds or AIFs issuing a UCITS KIID) to retail investors in the EU will be required to deliver a PRIIP KID to their retail investors before they invest in a PRIIP.

In addition, the PRIIPs regime has seen some developments over the past few months, amongst which is the following:

  • In a series of FAQs, the CSSF has taken a position on a number of issues in relation to the impact of the PRIIPs Regulation in particular on AIFMs.

    The FAQs on AIFMs address various issues amongst which are (i) the possibility (and conditions) for non-UCITS to be exempt from producing a PRIIPs KID for Luxembourg AIFs sold, offered or advised on to retail investorswithin the EU when they have issued a UCITS KIID, and (ii) the notification process of a PRIIPs KID to the CSSF.

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