UNITED KINGDOM: Packaged Retail and Insurance-based Investment Products (UCITS Exemption) (Amendment) Regulations 2021 published

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UNITED KINGDOM: Packaged Retail and…

Monday October 18 2021

News Source: Fund Regulation

Focus: PRIIPS KID

Type: General

Country: UK

On 15 October, the Packaged Retail and Insurance-based Investment Products (UCITS Exemption) (Amendment) Regulations 2021 (SI 2021/1149) were published, alongside an explanatory memorandum. The Regulations amend the retained EU law version of the PRIIPs Regulation ((EU) 1286/2014) to extend an existing exemption for management and investment companies and persons advising on, or selling, UCITS funds from the requirements of the PRIIPs Regulation. The current exemption will now be extended by five years, to 31 December 2026. The Regulations will come into force on 31 December.

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