PRIIPs and UCITS Update

PRIIPs and UCITS Update

On the 15 July 2021 an 8-week consultation was kicked off by The European Commission that closes on 9 September 2021 regarding the expected proposals to amend the PRIIPs Regulation and handle the UCITS KIID to PRIIPs KID transition.

The proposal has two quick fixes – one each for PRIIPs and UCITS:

• PRIIPs – see here
• UCITS – see here
  

The proposals outline the transition plan to replace the UCITS KIID disclosure document with the revised PRIIPs KID based on the RTS adopted by the ESAs in February earlier this year. They are also expected to confirm the transition date of 1 July 2022 – which delays the transition by six months, originally slated for 31 December 2021.