The EBF has written to the EU Commission with Insurance Europe, the European Fund and Asset Management Association and the European Structured Investment Products Association calling for a one year postponement in the application date of the PRIIPs Regulation. The groups outline their concerns that the implementation timeline is unrealistic and will not give product distributors or manufacturers enough time to address operational challenges in implementing PRIIPS before the current 31 December 2016 deadline, considering that the final Regulatory Technical Standards for the development of the Key Information Documents (KID) are not due to be published until the third quarter of 2016. The letter states that the launch of KID, which aims to provide customers with a useful PRIIPs comparison tool, will require processes to be developed to ensure accurate data is produced and IT that systems will need to be tested, as well as the KID itself. Finally, the groups have also criticised the fact that a "number of highly complex and technical matters" included in the final draft RTS were not the subject of a public consultation.