On 9 December 2014, the Regulation on key information documents (KIDs) for packaged retail and insurance-based investment products (PRIIPs) was published in the Official Journal of the EU (OJ). A corrigendum was also published correcting a date. The Regulation comes into force 20 days after publication in the OJ. It applies in Member States from 31 December 2016. UCITS will not be obliged to move to producing a PRIIPs KID (which is based on the UCITS KIID) until 2019 at the earliest. The Discussion Paper on Regulatory Technical Standards (RTS) for PRIIPs KID, has a closing date for submissions of 17 February 2015.