The European Commission recently adopted amendments to the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation and the Undertakings for Collective Investment in Transferable Securities (UCITS) Directive. However, in contrast to earlier plans, the adoption of the revised Regulatory Technical Standards (RTS) amending Commission Delegated Regulation (EU) 2017/653 has been postponed.
Distribution & Client Disclosures
EFAMA monitors issues surrounding fund distribution and disclosures to investors. These include investor protection and disclosure issues arising from the evolving PRIIPs and MiFID frameworks, the shift towards digital distribution tools, and the continued integration of ESG considerations into fund products.
Related policy positions
Policy position
Distribution ＆ Client Disclosures
PRIIPs
09 September 2021
Joint industry response to the EC Better Regulation consultation on the UCITS ‘quick fixes'
Press Release
Distribution ＆ Client Disclosures
PRIIPs
09 September 2021
Industry calls for reasonable implementation timeline for PRIIPs changes
EFAMA and several other financial industry associations, raised concerns in response to a consultation conducted by the European Commission on planned changes to the Packaged Retail and Insurance-based Investment Products (PRIIPs) framework.
The unexpected delay to the adoption of the revised PRIIPs RTS cuts the implementation period for the industry by more than two months. This leaves PRIIPs manufacturers and distributors with a too short period instead of the original timeframe of 12 months to implement the new rules.
Policy Position
Distribution ＆ Client Disclosures
PRIIPs
EU Fund regulation
Management Companies
04 August 2021
EU retail investments: comprehensive strategy to increase retail investor participation required
EFAMA wholeheartedly supports a retail investment strategy that gives EU citizens the necessary tools and the confidence to put their savings to work by investing in capital markets.
Related news
Announcement
Distribution ＆ Client Disclosures
PRIIPs
11 February 2022
FinDatEx publishes EPT V2
The European PRIIPs Template v2.0 (EPT) incorporates the necessary changes based on the revised PRIIPs RTS, published by in the Official Journal of the European Union in December 2021.
The EPT is intended to be used for products sold from January 2023 onwards. It is important that data contained in the EPT is communicated by asset managers to insurers in good time before this date, bearing in mind any national market specificities.
▶️Find more details here: https://lnkd.in/dN_ZNU3C
Announcement
Capital Markets
Competitiveness
Distribution ＆ Client Disclosures
Sustainable Finance
05 January 2022
Vacancies: Regulatory Policy Advisers | Apply now!
EFAMA is recruiting a regulatory policy adviser in distribution of financial products, investor protection and/or client disclosures, as well as a regulatory policy adviser with relevant experience in sustainable finance and/or stewardship.
Please visit EuroBrussels for full details of the position and how to apply.
Press Release
Capital Markets Union
Competitiveness
Data
Distribution ＆ Client Disclosures
EU Fund regulation
Management Companies
Statistics
Sustainable Finance
16 December 2021
Annual European Asset Management Report - Report highlights key developments in the European fund industry
The European Fund and Asset Management Association (EFAMA) has released the 13th edition of its Asset Management in Europe report, which provides in-depth analysis of recent trends in the European asset management industry, focussing on where investment funds and discretionary mandates are managed in Europe.
Related publications
Publication
Competitiveness
Data
Distribution ＆ Client Disclosures
EU Fund regulation
Management Companies
Statistics
Sustainable Finance
15 December 2021
Asset Management Report 2021
This is our 13th edition of the Asset Management in Europe report, which provides an in-depth analysis of recent trends in the European asset management industry, focussing on where investment funds and discretionary mandates are managed in Europe.
Publication
Capital Markets Union
Competitiveness
Distribution ＆ Client Disclosures
EU Fund regulation
International agenda
Investor Education
Management Companies
Pensions
Stewardship
Sustainable Finance
10 June 2021
EFAMA Annual Review 2020-2021
It gives me great pleasure to provide you with an overview of our activities since our Ordinary General Meeting of last year.
Publication
Distribution ＆ Client Disclosures
PRIIPs
28 April 2021
Infographic | The challenges of replacing UCITS KIIDs with PRIIP KIDs
In support of our call for additional time to implement the PRIIPs rules, we have produced an infographic that summarises the challenges our members face replacing UCITS KIIDS with PRIIP KIDs. The infographic shows the many entities involved in the process and the steps required to prepare a PRIIP KID. Feel free to make use of this infographic.
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Past events
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