Friday September 1 2017
News Source: Fund Regulation
Focus: PRIIPS KID
Type: General
Country: European Union
The Joint Committee of the European Supervisory Authorities (ESAs), comprising the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA) and European Securities and Markets Authority (ESMA) have published further guidance on the Key Information Document (KID) requirements for Packaged Retail and Insurance-based Investment Products (PRIIPs) laid down in the European Commission’s Delegated Regulation (EU) 2017/653.
The guidance promotes common supervisory approaches and practices in the implementation of the KID and consists of:
- Additional Questions and Answers (Q&A) to supplement those already published on 4 July 2017
- Diagrams explaining the risk and reward calculations required to prepare the KID, and including example calculations
The ESAs will continue to assess whether further guidance is needed, in particular based on additional questions received.
Stakeholders are invited to submit any new questions to the following address PRIIPs@eiopa.europa.eu.
Further information on the PRIIPs KID can be found via the following link.
Click on the link above for further information.