Take over the epic owner role and ensure the timely delivery of the project.
PRIIPs stands for Packaged Retail and Insurance-based Investment Products, which are investment products that retail investors can buy. The PRIIPs Regulation is a European Union regulation that aims to provide retail investors with clear and comparable information about these products through a Key Information Document (KID). The PRIIPs RTS are the Regulatory Technical Standards that specify the content and presentation of the KID.
The Commission Delegated Regulation (EU) 2021/2268 introduced changes to the way costs, charges and performance scenarios are calculated and displayed, as well as introducing template amendments. Also the obligation to provide past performance information (for non-structured products) and previous performance scenarios calculations on top of the KID itself was introduced.
All active funds with a UCITS KIID (end of UCITS exemption) and insurance products, distributed to retail clients, were impacted.