EBF supports the PRIPs project in principle, but is concerned the proposed definition of a PRIP lacks clarity or even adds to the confusion. It also welcomes a high degree of standardisation in the content of the KIID but says flexibility will also be necessary. More generally, it says the rules must take account of differences between products and other regulation affecting disclosure. (Source: Response to the Commission Services’ Consultation on Legislative Steps for the Packaged Retail Investment Products Initiative)