In the course of the discussions which took place in the EU
Parliament and Council, a proposal to amend the PRIIPs Regulation
(EU) 2014/1286 ("PRIIPs Regulation") was added to the
Cross-Border Distribution Proposal for a Regulation.
The amendment to the PRIIPs Regulation aimed to push back (i)
the UCITS exemption to 31 December 2021 (based on the current
provisions of the PRIIPs Regulation, this exemption will be valid
until 31 December 2019) and (ii) the European Commission's
review of the PRIIPs key information document
("KID") to 31 December 2019.
In February 2019, an agreement on a final text for this proposal
was reached between the EU authorities and on 16 April 2019, just
before the EU Parliament's election break, the EU Parliament
formally adopted it.
