The draft RTS referred to in our newsflash of 15 March 2017 have finally been adopted.
The European Parliament and the Council of the EU have issued statements of non-objection to the revised draft RTS under the PRIIPs Regulation which were endorsed last month by the European Commission. Finally, the long-awaited level 2 measures have been agreed on and further guidance on level 3 as well as level 4 by the ESAs and the European Commission is expected in the near future.
The Luxembourg Investment Fund Association (ALFI) is about to publish the first issue of its Q&A on the PRIIPs KID, providing further guidance on practical implementation questions for the Luxembourg investment fund industry.
The revised PRIIPs RTS, in the form of a Commission Delegated Regulation, will enter into force twenty days after their publication in the Official Journal of the EU which is expected shortly. It will apply from 1 January 2018.
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