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01/09/2017


Adoption of the PRIIPs guidelines

On 4 July 2017, the European Commission adopted the guidelines for the application of the PRIIPs Level 1 regulation.

On 4 July 2017, the European Commission adopted the guidelines for the application of the PRIIPs Level 1 regulation. The directives published by the European Commission are aimed at facilitating implementation of the PRIIPs regulation and providing clarification on certain subjects such as its scope of application, processing engagements, distribution and KIIDs (Key Investor Information Documents) “on request”. The same day, the joint committee of the European Supervisory Authorities (ESAs) published its first set of Q&A regarding interpretation of the PRIIPS Level 2 Regulatory Technical Standards (RTS) which is focused on more technical matters.