Place de Paris calls on the European Commission to defer the application of the PRIIPs regulation to UCITS, in view of the serious and imminent risk of blatant misinformation being provided to investors

  • UCITS currently have an information document that they provide to investors, the UCITS KIID, which sums up the key facts about the product. This will be replaced tomorrow (1st January 2020) by a new document, the PRIIPs KID, which is now used by some insurance and banking products. The complexity of the information it contains makes it very difficult to understand by investors. Adjustments to the methods used and extra time for its implementation are hence vital.
  • Place de Paris [1] is calling for the extension of the PRIIPs regulation to UCITS to be deferred until a thorough review is carried out of PRIIPs on all critical points.

[1] The French Asset Management Association (AFG), the French Association of Institutional Investors (AF2i), the French Association of Real Estate Investment Companies (ASPIM), the French National Association of Financial Advisors (ANACOFI), the French National Chamber of Financial Advisors (CNCGP), the French National Chamber of Financial Advisors (CNCIF) and France Invest, the French Association of Private Equity Investment Firms.