Regulatory notice

On 10 March 2022, the FinDatEx PRIIPs technical working group launched a consultation on its recent work on an updated version of the European Comfort PRIIPs Template (CEPT 2.0).

Last week, the Central Bank of Ireland has completed its publication of national provisions governing marketing requirements for AIFs with additional information.

Last week, the Central Bank of Ireland has completed its publication of national provisions governing marketing requirements for AIFs with additional information.

Friday, 4 March 2022, the Consob updated its Deprof Manual, the filing system of Prospectuses, KIID and KID of UCIs marketed to retail investors.

Yesterday, the Banque de France updated its UCI data collection OPC2 technical documentation.

We have identified only minor changes that we report below.

Aiming at ensuring compliance with the ESMA Guidelines on performance fees, on proper disclosures and collecting standardised key information in relation to these performance fees, since September 2021, Investment Fund Managers are requested for Luxembourg based UCITS or AIF they manage to complete a dedicated questionnaire on performance fees via the eDesk module on performance fees under the eDesk portal.

The module having evolved, consequently the CSSF publishes an update of its user guide.

Yesterday, the European Commission launched a one-month targeted consultation on options to enhance the MiFID suitability and appropriateness assessments.

Yesterday, the Commission de Surveillance du Secteur Financier (CSSF) updated its Frequent asked questions on the Cross-border distribution of funds (CBDF) regulation.

Recently, the FCA confirmed that the EEA UCITS marketed in the United Kingdom under the TMPR after Brexit must continue to provide a UCITS KIID to the UK investors.

The statement made by the FCA was ambiguous, opening the possibility to remit a KID PRIIPs for EEA UCITS. Therefore, we questioned them about the situation of the concerned EEA UCITS after the end of the transition period in Europe. This is their answer: