As announced previously the EU Commission had proposed extending the delay to the new PRIIP RTS requirements to the end of the year, with a delayed application date starting on January 1st, 2023. While this date had been widely adopted by all market participants, it was not legislatively endorsed.
Since Friday, June 24th, 2022 there is now clarity the delay has been formally published in the EU Official Journal under Commission Delegated Regulation (EU) 2022/975 of 17 March 2022. The official publication of the European Commission also notes that while the official entry into force of the delay is only 20 days after publication (July 14, 2022), which is after the initially foreseen application date of the new PRIIP RTS requirements, the intention of the co-legislators is clearly to:
Similarly, the delay to the UCITS PRIIP KID exemption period, which now also applies until the end of 2022, has already been fully legislated as part of the two changes below: