LU - CSSF reminds of PRIIPs KID review for 2024
30/07/2024
On May 28 2024, the Commission de Surveillance du secteur financier (CSSF) reminded of the PRIIPs KID review.
Since January 1 2023 UCITS available to retail investors qualify as PRIIPs for which a KID is required pursuant to the PRIIPs Regulation. The CSSF hereby reminds Luxembourg UCITS and UCITS management companies of this requirement for the year 2024.
Reference is also made to the guidance specifically provided in this context by the ESAs in their consolidated Q&As on the KID (see, in particular, question 8 of Section VII (Past performance)) and the CSSF in its FAQ concerning the Luxembourg Law of December 17 2010 relating to undertakings for collective investment.