The European Banking Authority, the European Insurance and Occupational Pensions Authority and ESMA issued a Discussion Paper on Risk, Performance Scenarios and Cost Disclosures in Key Information Documents (KIDs) for Packaged Retail and Insurance-based Investment Products (PRIIPs). UCITS will not be obliged to move to producing a PRIIPs KID (which is based on the UCITS KIID) until 2019 at the earliest. Comments are invited using the response form, via the ESMA website, under the heading ‘Your input/Consultations’ by 17 August 2015.