On 7 April 2016, the European Supervisory Authorities published its final draft regulatory technical standards on key information documents (KIDs) for packaged retail and insurance-based investment products (PRIIPs) (the Draft RTS). Amongst other matters, the Draft RTS provide (a) a three page template KID, (b) details on the obligation to review KIDs and (d) details on conditions for fulfilling the requirement to provide a KID in good time. The Draft RTS have been sent to the European Commission for endorsement and will enter into force on 31 December 2016, at the same time as the Regulation on KIDs for PRIIPs ((EU) 2014/1286)).
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Final regulatory technical standards published on KIDs for PRIIPs
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