Ian Overgage, director of FE Kii Hub, explains why the industry may not be ready to meet the regulator's 2016 deadline for the introduction of key information documents for PRIIPs.
Many will remember the rush to get everything ready for the July 2012 deadline when UCITS Key Investor Information Documents (KIIDs) replaced the Simplified Prospectus. That was despite a year's transition after KIIDs came in first for new funds, the rules were in place over 18 months ahead of time, and the fact all UCITS funds are basically the same. Now we have Key Information Documents for Packaged Retail and Insurance-based Investment Products (PRIIPs KIDs) to look forward to at the end of December 2016, with no transition period. Those behind PRIIPs KIDs might have believed that ...
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