The Priips regime has had another difficult year in 2020. This ambitious regulation came into force at the start of 2018 (at the same time as its cousin Mifid 2) and applies to all packaged retail investments issued in the EU.

The date of January 2022 has been looming for some time with double importance. This is the point at which Ucits funds will be co-opted into its scope, and when an expected revamp of some of the Priips rules should take effect. This would make it the most significant milestone since the regime came into force. By way of preparation, in October 2019, the European Supervisory Authorities (ESAs) put forward a public consultation paper. These addressed various Level 2 technical detail matters. Subm

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