EP has backed a format for a two-page Key Information Document (KID) for investors in a range of retail investment products. MEPs said all small investors should be given two-page A4 standard format KIDs to help them to understand and compare investment products and estimate the total cost of their investment. They should also be informed whether their investment will contribute to any projects with environmental or social aims. KIDs should not be misleading, should make no reference to advertising material and should be prepared by a clearly identifiable entity that created the product. MEPs say this decision should help in the ongoing negotiations on the PRIPs Regulation. (Source: EP Backs Two-Page KID)
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EP backs two-page KID
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