ITALY: CONSOB Publishes Updated Operating Instruction on Accessing PRIIPs KIDs and Related Information

Thursday April 29 2021

CONSOB has published an updated document providing guidance on fulfilling the obligations referred to in Resolution no. 21639 of 15 December 2020 on access to KIDs by Consob and Resolution no. 21640 of 15 December 2020 on the provisions concerning the obligations to make information and structured data related to Packaged Retail and Insurance-based Investment Products (“PRIIPs”) accessible to Consob by PRIIPs manufacturers.

For the purposes of making the KIDs and structured data available manufacturers must be accredited by sending Consob the duly completed “PRIIPs Manufacturer” form, which can be downloaded from the Consob website, by certified e-mail (PEC) din@pec.consob.it and by ordinary email to priips@consob.it.

Following submission of this form, the credentials will be provided to access the system in order to make the KIDs and structured data available.

The document also provides information on:

• Identifying information about the PRIIP manufacturer and contact persons
• Information on the manufacturing and validating of KIDs
• Methods concerning the provision of the KIDs and structured data
• Method of accreditation for direct provision (without delegation)
• Method of accreditation with delegation to third parties for provision
• Amendments to the delegation relationship
• Provision of the PRIIPS KIDs and structured data
• Communication of information to Consob via the SFTP server
• Communication of information to Consob
• File Naming Convention
• Validation Rules
• Cancelling and replacing a sent file
• Making information available to Consob via the web interface
• Making KIDs available in the period from 1 January 2021 – 31 December 2021
• Communication of information to Consob

Click on the above link for further information.