AIC 'beyond frustrated' at Treasury's ruling to keep UCITS PRIIPs five-year exemption

Products can produce KIIDs until 2026

clock • 1 min read
Chief executive of the AIC Ian Sayers
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Chief executive of the AIC Ian Sayers

The Association of Investment Companies (AIC) has said it is "beyond frustrated" at the extension of the exemption for UCITS funds from the Packaged Retail Investment and Insurance-based products (PRIIPs) regime for a further five years.

The AIC has responded to the announcement from HM Treasury, which said UCITS funds providers can continue to produce Key Investor Information Documents (KIID), as set out in the UCITS Directive, until...

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