On 11 December 2019, the CSSF published press release 19/60 (the "Press Release") reminding that pursuant to press release 19/28 published on 1 July 2019 all SIFs, Part II UCIs and SICARs are obliged to complete an online assessment about the impact of Regulation 1286/2014 on key information documents for packaged retail and insurance-based investment products (the "PRIIPS Assessment"). The Press Release provides that all entities in scope which failed to complete the PRIIPs Assessment within the prescribed deadline (31 October 2019) are obliged to do so as soon as possible. This obligation includes entities created after October 2019.
Finally, the CSSF points out that all entities in scope are allowed to appoint a legal advisor or a law firm to complete the PRIIPs Assessment on their behalf. In order to do so, the CSSF needs to receive a mandate signed by the directors/managers of the entity obliged to fill in the PRIIPs Assessment. A template mandate is available for download at the eDesk portal and needs to be sent to the email address indicated in the document.
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