On Thursday 15 July, the European Commission proposed to extend the transitional arrangement provided for in the Regulation on Packaged Retail and Insurance-based Investment Products (‘PRIIPs’) until 30 June 2022 .
The Regulation requires PRIIPs originators to provide retail investors with a key information document (KID) on each of the products they offer.
However, it provides for a transitional arrangement whereby management companies, investment companies and persons advising on, or...