Efama: Priips regime in limbo

The European Fund and Asset Management Association (Efama) is urging the regulators to address the existing flaws in the Priips Kid regime and provide the legal basis for funds to switch from the Ucits KIID to the revised Priip Kid on 1 January 2022. In a letter to the European Commission (EC) on the subject of the Priips draft Regulatory Technical Standards (RTS), following a recent communication from the ESAs’ to the EC on the fact that they were unable to agree on a revised Priips draf