PIMFA’s Response to FCA: Call for Input: PRIIPs Regulation – addendum to the PIMFA Response

PIMFA's feedback to FCA Call for Input: PRIIPs Regulation – addendum to the PIMFA response, where we indicated that, notwithstanding that the PRIIPs Regulation is in urgent need of reappraisal/amendment, the regime should be extended to UCITS after 31 December 2019 as per Article 32 as clients and advisers are finding it difficult to understand the differences between PRIIPs KIDs and UCITS KIIDs (especially around costs and charges disclosure) and was entirely predicated upon the PRIIPs KID replacing the UCITS KIID as soon as UCITS became subject to the PRIIPs regime