Private Banking Newsletter - January 2019: Issues Impacting the Private Bank Sector

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On 8 November 2018, the Joint Committee of the European Supervisory Authorities (ESAs) published a Consultation Paper concerning amendments to the PRIIPs KID. This follows a letter sent by the ESAs to the European Commission on 1 October 2018 setting out their intention to make proposals to:

(a) Support legislative changes to avoid the possibility of duplicating information requirements for investment funds from 1 January 2020; and

(b) Tackle various key issues that have arisen in relation to the KID.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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