The Presidency of the Council published the latest in a series of compromise texts on the proposed Regulation for a Key Information Document for packaged retail investment products (PRIPs) (the KID Regulation). The text has changed to reflect conflicting requests from Member States to change its scope. Member States also cannot agree on whether there should be a harmonised administrative sanctions regime for breach of the KID Regulation or whether each Member State should still be allowed to impose criminal sanctions. The current compromise, agreed by the Committee of Permanent Representatives (COREPER) on 26 June, reflects the stance taken in the Markets in Financial Instruments Directive and Regulation (MiFID 2 and MiFIR) package. The Economic and Monetary Committee (ECON) in EP is yet to vote on its report. The Presidency urges negotiations with EP on the basis of the compromise text, with a view to reaching agreement on the text at first reading. (Source: KID Regulation Approach and KID Regulation Compromise Text 24 June)