The Package Retail and Insurance-based Investment Products (PRIIPs) regulation, which entered into force on 3 January 2018, introduced a new mandatory key information document, KID for short. The PRIIPs regulation applies to all products (so-called PRIIPs) that raise money from or offer an investment opportunity to retail investors.
The KID is a 2-3 page document including the main information relating to an investment product (e.g. strategy, risks, costs and performance scenarios). Managers (generally, the product manufacturer of the PRIIP) are required to make the document available to all retail investors.
KID obligations do not apply to professional investors (whether “on demand” or not). Instead, the PRIIP is subject to an obligation of self-assessment by its PRIIP manufacturer which must be submitted to the Luxembourg regulatory authority of the financial sector, the Commission de Surveillance du Secteur Financier (CSSF).
Through our transparent offer, we guide you through each step to make sure that all requirements are met on time.
Our PRIIPs solution is one of the services we offer through our Asset Management Advisory and Corporate Finance team. To visit the Asset Management Advisory page, please click here.