Regulatory notice

The Danish financial regulator clarified in which language the PRIIPs KID replacing the UCITS KIID must be provided to the retail investors.

As from the 1st of January 2023, the Swiss Financial Market Supervisory Authority FINMA decreases its annual fee for the supervision of the collective investment schemes.

The Grand-Ducal Decree amending the CSSF supervisory fee was published in the Memorial A on 23 December 2022.

The Finance Law of 23 December 2022 published in the Memorial contains an amendment of the UCI Law of 17 December 2010 as amended as regards the application provisions of the reduced subscription tax rates.

The FCA amended this month its Collective Investment Schemes sourcebook, impacting the Recognised schemes Section 272.

Last month, the Securities and Futures Commission in Hong Kong updated several FAQs on Unit Trusts and Mutual Funds impacting foreign funds authorised for marketing in this country.

We have reviewed these documents and highlighted the changes below:

With the end of the exemption period to provide a PRIIPs KID, the BaFin adapts its instruction on the marketing of foreign AIFs to retail and semi-professional investors in Germany.

Yesterday, the Central Bank of Ireland published 2 new updates of its Q&As on UCITS and AIFMD. All new questions relate to PRIIPs.

On 21 December 2022, the Joint Committee of the ESAs published the last version of its PRIIPs Q&A as announced in the previous update of November.