PRIIPs: Time to stop KIDing around?
Publication of the revised Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulatory Technical Standard (RTS)
New PRIIPs Regulatory Technical Standards
The new RTS includes changes to address the concerns expressed by the European Parliament in relation to:
- Performance scenarios;
- The disclosure of biometric risk;
- Circumstances in which a comprehension alert is required; and
- Interaction with the UCITS regime and the treatment of multi-option products.
Read the PRIIPS Regulatory Technical Standards (RTS) and the Annexes to the PRIIPS RTS in full.
Recap of PRIIPs and Key Information Documents (KIDs)
December 2016: The European Parliament as well as the Council of the EU adopted the proposition of delay (view the Parliament’s press release and the Council’s press release).
24 November 2016: EFAMA provided feedback to the European Supervisory Authorities on the European Commission’s draft revised PRIIPs Regulatory Technical Standards (RTS) (view EFAMA’s comments, and the annex thereto).
9 November 2016: The European Commission proposed to delay the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation’s application date from 31/12/2016 to 31/12/2017.
