EESC has responded to the EP and Council’s request and adopted its opinion on the PRIPs KID Regulation. It has several concerns, including on the Commission's decision to use delegated acts for key components of the KID. It wants the Commission to be more specific in its use of terms such as "in good time". It does not support the decision to allow UCITS Key Investor Information Documents (KIIDs) to continue for five years, and says the Commission should work to standardise documents as soon as possible. (Source: EESC Opinion on PRIPs KID)