Q&A on the PRIIPs Regulation

Fund managers, insurance undertakings, credit institutions and investment firms should be preparing to put in place the measures necessary to comply with the requirements of the PRIIPs Regulation,[1] which will apply from 31 December 2016. In particular they must draw up a key information document (“KID”), whose purpose is to enable retail investors to understand and compare the key features and risks of packaged retail and insurance-based investment products (“PRIIPs”). This Q&A sets out the main requirements relating to the KID as set out in the PRIIPs Regulation and the related draft Commission Delegated Regulation, which was published on 30 June 2016.