On 1 July 2019, the CSSF issued press release 19/28 (the "Press Release") relating to an assessment of the impact of Regulation (EU) 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (the "PRIIPs”) on SIFs, SICARs and Part II UCIs.
To this end, all SIFs, SICARs and Part II UCIs are obliged to fill in an online assessment form available on the CSSF's eDesk portal (the "PRIIPS Assessment"). The PRIIPs Assessment replaces the previous document named “Self-assessment confirmation on exclusive professional investor status for the purposes of Regulation EU 1286/2014 on PRIIPs”. Nevertheless, the entities which have completed the previous self-assessment are not exempted from the requirement to fulfil the PRIIPS Assessment and should do so via the eDesk portal by 31 October 2019. Instructions as to the method of transmission of the required information as well as a dedicated user guide are available at the home page of the eDesk portal.
In the Press Release, the CSSF indicated that the PRIIPS Assessment will be initially available to central administrators and would be opened to management companies and other concerned entities at a later stage. At the point of drafting the PRIIPS Assessment is available to all in-scope investment vehicles as well as credit institutions and investment firms as further described in CSSF press release 19/39 dated 29 July 2019.
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