Dear Mr Campa,
Dear Mr Bernardino,
Dear Mr Maijoor,
By letter dated 20 July 2020 [ESAs 2020 19.] you informed the Commission about the outcome of the joint review that EBA, EIOPA and ESMA (also collectively, the European Supervisory Authorities or ‘ESAs’) conducted of the regulatory technical standards (hereinafter, ‘RTS’) laid down in Commission Delegated Regulation (EU) 2017/653 [Commission Delegated Regulation (EU) 2017/653 of 8 March 2017.] (hereinafter, the PRIIPs Delegated Regulation).
In October 2018, the European Supervisory Authorities initiated a review of the PRIIPs Delegated Regulation to facilitate the application of the PRIIPS framework to retail investment funds in order to end the exemption for UCITS funds to provide a PRIIPs Key Information Document. The exemption was initially set to lapse on 1 January 2021. Due to delays in the review, the co-legislators decided to extend the exemption by one year to 1 January 2022 by Regulation 2019/1156; at the same t
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