The UK HM Treasury has announced a five-year extension of the current exemption for Undertakings for the Collective Investment in Transferable Securities (Ucits) funds in relation to the requirements of the Priips Regulation.
The extension is part of the government’s regulatory divergence with the European Union and includes a review of the UK retail disclosure regime, which will be followed by changes to the Priips Regulation or a successor regulation sooner than 2026. HM Treasury announced in November 2020 it was seeking to improve the functioning of the Priips regime in the UK . Ucits funds are currently exempt from the requirements of the Priips Regulation which means that, instead of producing a Key Info
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