On 14 July 2022, the FCA updated its webpage regarding rules that apply to firms and fund operators in the Temporary Permissions Regime (TPR). The webpage summarises the rules that apply to firms in the TPR and fund operators in the temporary marketing permissions regime (TMPR).
The updated text reads: “In the UK the exemption from the requirement for EEA UCITS to produce a PRIIPs KID lasts until 31 December 2026. We can confirm this exemption applies to both EEA UCITS recognised under s272 FSMA and those recognised under TMPR. This means, when being marketed to retail investors in the UK, EEA UCITS that are recognised under either s.272 FSMA or the TMPR must produce a UCITS KIID. We also note that the TMPR is due to end on 31 December 2025. We are engaging with the Treasury on the disclosure requirements that would apply in the event of an equivalence decision under the Overseas Funds Regime.”