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ARTICLE · 27 OCTOBER 2021

PRIIPS Regulation: What Is In Store For UCITS Funds?

Dillon Eustace
Dillon Eustace
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Dillon Eustace

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After a tumultuous early start in life, the finalised draft technical standards amending granular rules currently applicable to PRIIPS KIDs...

IrelandFinance and Banking
Brian Kelliher
Brian Kelliher
Karen Jennings
Karen Jennings
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After a tumultuous early start in life, the finalised draft technical standards amending granular rules currently applicable to PRIIPS KIDs (Level 2 Measures)11 were finally adopted by the European Commission last month and are currently subject to scrutiny by the European Parliament and the Council of Europe.

The European Commission proposes the revised Level 2 Measures will apply to all PRIIPS KIDs from 1 July 2022. So why is this development causing UCITS management companies throughout the EU to sit up and take note?

In a "quick-fix" amendment being made to the PRIIPS Regulation itself2, the European Commission has also proposed that a PRIIPS KID be prepared in relation to UCITS which are marketed to retail investors in the EEA from 1 July 2022.

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