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Version date: 8 February 2019 - onwards

2. Background

The Regulation [REGULATION (EU) No 1286/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs).] on packaged retail and insurance-based investment products (hereinafter "PRIIPs Regulation") provides a temporary exemption for management and investment companies and persons advising on, or selling, UCITS from the obligation to produce and provide a PRIIPs KID [The exemption also applies to non-UCITS funds in Member States which extend the application of UCITS rules on the format and content of the UCITS key investor information to non-UCITS made available to retail investors (Article 32(2) of the PRIIPs Regulation).]. For such funds a Key Investor Information (KII) Document is currently provided to investors in accordance with Directive 2009/65/EC [DIRECTIVE 2009/65/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 13 July 2009 on the coordination of laws, regulations and a

Comparing proposed amendment...