PRIIPS: Impact on Luxembourg funds

The CSSF has also recently taken position on a few issues in relation to the impact of PRIIPs Regulation on:

• Luxembourg AIFs (CSSF FAQ on AIFM);
• Luxembourg UCIs (CSSF FAQ on UCIs);
• SIFs and SICARs (CSSF FAQ on SIFs and SICARs).

These FAQs address various issues amongst which the availability of the exemption from producing a PRIIPs KID for Luxembourg retail investment funds (other than UCITS funds) which have issued a UCITS KIID as well as the notification process of a PRIIPs KID to the CSSF.