information

New consolidated version: Commission Delegated Regulation (EU) 2017/653 of 8 March 2017 supplementing Regulation (EU) No 1286/2014 of the European Parliament and of the Council on key information documents for packaged retail and insurance-based investment products (PRIIPs) by laying down regulatory technical standards with regard to the presentation, content, review and revision of key information documents and the conditions for fulfilling the requirement to provide such documents (Text with EEA relevance)Text with EEA relevance

ID 21522

A new consolidated version of Commission Delegated Regulation (EU) 2017/653 setting forth the regulatory standards for the creation of a „Key Information Document (KID)“ for Packaged Retail and Insurance-based Investment Products (PRIIPs) was published in the Official Journal (OJ) of the EU. The document contains the modifications made by Commission Delegated Regulation (EU) 2021/2268 – which itself was subsequently modified by Commission Delegated Regulation (EU) 2022/975 to postpone the application date. Commission Delegated Regulation (EU) 2021/2268 overhauled the previous technical standards (the 2017 Delegated Regulation) to make the KID more informative, comparable, and investor-oriented by stipulating new methodologies regarding the calculation of appropriate performance scenarios, revising the summary cost indicators, or by specifying new methods to compute transaction costs, to name a few.
Please see Event ID 13597 and Event ID 16154 in this context for more detailed information on the enhancements that were now applicable as of January 1, 2023.

Other Features
AIF
CMU
disclosure
fees
insurance
marketing
reporting
sales documents
UCITS
Date Published: 2023-01-19
Date Taking Effect: 2023-01-01
Regulatory Framework: Packaged Retail and Insurance-based Investment Products Regulation (PRIIPs Regulation)
Regulatory Type: information
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