‘PRIIPs KID’

What? The European Commission adopted new and improved disclosure rules for retail investment products.

When? 7 September 2021

Why? Currently, retail investors receive two different types of retail investment information sheets, depending on whether they are buying an investment fund product or another type of retail investment. This can make it difficult for investors to compare products, especially when it comes to risks or costs. The Commission has adopted a delegated regulation, setting out what should be included in the ‘PRIIPs KID’ (Packaged Retail Investment and Insurance Product (PRIIPs) Key Information Document). The PRIIPs KID summarises and explains the key elements of each investment product – especially the costs, risks, and potential returns – so that private investors can better understand the product they are buying, and compare it with other products. It will now be the only document of its kind given to private investors across major retail investment products types, including investment funds, life-insurance investment products, and structured products.

Want to know more? Read more on the PRIIPs KID and the delegated regulation setting out what should be included in the PRIIPs KID