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ARTICLE · 27 JULY 2022

Briefing For The UK

Dillon Eustace
Dillon Eustace
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The FCA has confirmed in an update to its website that a UCITS KIID will continue to be required for investors in the UK post 1 January 2023 when most EU UCITS are expected to move...

United KingdomFinance and Banking
Tara O'Callaghan
Tara O'Callaghan
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UCITS KIID to be retained for UK market

The FCA has confirmed in an update to its website that a UCITS KIID will continue to be required for investors in the UK post 1 January 2023 when most EU UCITS are expected to move to the European PRIIPs KID format.

This will result in UCITS registered to market in the UK having to prepare two sets of key investor documentation, with divergent formats and calculations for the next few years until the UK PRIIPs Regulation is introduced, currently deferred until 31 December 2026.

The FCA included the following new section addressing the obligation to provide a UCITS KIID to retail investors in the UK on its website:

Disclosure requirements for EEA UCITS

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