PRIIPs: Delegated Regulation setting out RTS on KIDs published in Official Journal

Commission Delegated Regulation (EU) 2017/653 on key information documents (KIDs) for packaged retail and insurance-based investment products (PRIIPs) laying down regulatory technical standards (RTS) with regard to the presentation, content, review and revision of KIDs and the conditions for fulfilling the requirement to provide such documents has been published in the Official Journal.

In September 2016 the EU Parliament rejected the original RTS adopted by the Commission in June 2016 and returned them to the Commission for revision. The amendments included in the Delegated Regulation concern multi-option PRIIPs, performance scenarios, comprehension alert and presentation of administrative costs in relation to biometric components of insurance-based investment products.

The Delegated Regulation will enter into force on 2 May 2017 and will apply from 1 January 2018.