In the case of an investment fund (UCITS or AIF), can the manufacturer of the PRIP be an entity to
which collective portfolio management functions, or other functions, have been delegated to by the
fu

Question

In the case of an investment fund (UCITS or AIF), can the manufacturer of the PRIP be an entity to
which collective portfolio management functions, or other functions, have been delegated to by the
fund or by the management company (manager) or alternative investment fund manager of the fund
(those entities to which functions have been delegated might, for example, be referred to as the fund
promoter, sponsor, etc.)?

ESA Joint Committee (EBA, ESMA, EIOPA) · Accepted Answer

No, even if the fund delegates functions to third parties, the PRIP manufacturer can only be the
management company or the alternative investment fund manager of the fund, or, in particular in the
case of a self-managed UCITS or internally managed AIF, the fund itself.

In the case of an investment fund (UCITS or AIF), can the manufacturer of the PRIP be an entity to which collective portfolio management functions, or other functions, have been delegated to by the fu

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