This Consultation Paper proposes amendments to the PRIIPs Delegated Regulation. The main aims of the review are to:
• Allow the appropriate application of the PRIIPs KID by UCITS and relevant non-UCITS funds [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).], subject to the potential end of the temporary exemption of such funds from the requirements of the PRIIPs Regulation (see next section below);
• Address the main regulatory issues that have been identified since the implementation of the PRIIPs KID to those products that are currently in scope.
These proposals follow a previous consultation paper of the ESAs in November 2018 (CP 2018 60) (hereinafter “November 2018 CP”), which had similar aims, but which proposed more targeted amendments to the PRIIPs Delegated Reg
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