The provisions of Regulation (EU) No. 1286/2014 (PRIIPs Regulation) have been in force since 1 January 2018. Further details have been set out in regulatory technical standards in the form of Delegated Regulations (Regulation (EU) 2017/653, as most recently amended by Delegated Regulation (EU) 2021/2268).
The regulations concern what are known as packaged retail and insurance-based investment products (PRIIPs for short) and apply to all manufacturers and persons who advise on or sell them.
Exemptions currently still apply to the fund sector, but are set to expire at the end of 2022. From 1 January 2023, the PRIIPs rules will thus also be mandatory for the fund sector, which will entail some new challenges for funds and asset management companies as well as fund distributors.
Our GSK Update provides you with an overview of the key innovations that will apply from 2023 and that you should definitely be aware of in connection with the PRIIPs regulations.