Last Updated on June 3, 2025 by Arnaud Collignon
Communication Regarding PRIIPs Assessment
The Commission de Surveillance du Secteur Financier (CSSF) has issued an important communication regarding the assessment of Packaged Retail and Insurance-based Investment Products (PRIIPs). This communication aims to clarify the regulatory framework and expectations surrounding PRIIPs in the context of investor protection and transparency.
Key Highlights of the Communication
- Regulatory Framework: The CSSF emphasizes the need for compliance with the PRIIPs Regulation, which aims to enhance the transparency of investment products.
- Investor Protection: The CSSF is committed to ensuring that retail investors receive clear and comprehensible information about the products they are considering.
- Assessment Criteria: The communication outlines the criteria that will be used to assess PRIIPs, focusing on the quality of information provided to investors.
- Compliance Obligations: Financial institutions are reminded of their obligations to provide accurate and timely information in accordance with the regulatory requirements.
Next Steps for Financial Institutions
Financial institutions are encouraged to review their current practices and ensure that they align with the expectations set forth by the CSSF. This includes:
- Conducting a thorough assessment of their PRIIPs offerings.
- Ensuring that all marketing materials and product disclosures are compliant with the PRIIPs Regulation.
- Providing training for staff to enhance understanding of the regulatory requirements.
Conclusion
The CSSF’s communication serves as a reminder of the importance of transparency and investor protection in the financial sector. By adhering to the guidelines set forth, financial institutions can foster trust and confidence among retail investors.
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