Fund Distribution Alert 2022-15
United Kingdom: FCA extends the exemption from the requirement for EEA UCITS to produce a PRIIPs KID until 31 December 2026
United Kingdom: FCA extends the exemption from the requirement for EEA UCITS...
The Financial Conduct Authority (FCA) confirmed that both the EEA UCITS recognised under s272 FSMA and those recognised under the TMPR (Temporary Permissions Regime) are free from having to generate PRIIPS KIDs. This means, that EEA UCITS marketing to retail investors in the UK must continue using UCITS KIIDs until end of December 2026.
As the TMPR will expire end of 2025, the FCA also confirmed being in discussion with the Treasury about the disclosure obligations that would apply in the case of an equivalency ruling under the Overseas Fund Regime (OFR).
The communication from the FCA is available in full here.
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