The Packaged Retail and Insurance-based Investment Products (“PRIIPs”) Regulation requires the Company to publish a Key Information Document (“KID”). This document is intended to provide key facts and important information, to help potential investors understand the nature, risk and costs of an investment in Phoenix Spree and to allow comparison with other investments.

 

Investors should be aware that the disclosure requirements of the regulations are highly prescriptive, both in terms of the calculations underlying the numbers and the narrative.  The Company has very limited ability under the regulations to add context and explanations to this document.  It is therefore suggested that the KID should be used in conjunction with other material produced by the Company including the annual and interim reports, regulatory announcements and the London Stock Exchange admission documents, all of which are available on this website.

The Financial Conduct Authority (FCA) is aware there is some industry uncertainty about the scope of the PRIIPs regulation and in July 2018 issued a “Call for Input” from firms and consumers about their initial experiences of the requirements introduced by the PRIIPs Regulation. In response to this request, The Association of Investment Companies (AIC), the trade body for over 350 closed-ended investment companies with assets under management of over £165 billion, has recently provided feedback to the FCA, a copy of which can be accessed HERE.

Please click HERE for a copy of the Phoenix Spree Deutschland Key Information Document.