With the European Commission (EC) indicating its support to the delay in the implementation of Kids for Ucits funds for two years, a number of possibilities open up to harmonise the Ucits framework with Priips and Mifid 2. The Association of Investment Companies (AIC) calls for Kids to be suspended for all investment products.
"Clearly our ultimate goal is that every product should present a Prips Kid to ensure compatibility across all retail products,” said an EC spokesperson at a public meeting of the Committee on Economic and Monetary Affairs (Econ) on Monday, November 19. The EC spokesperson said that the double burden for Ucits and retail investors “is not desirable” and that the Commission has “taken note of the draft amendments of the Priips exemption of Ucits for another two years&rdqu
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