The European Commission is set to delay the controversial extension of the PRIIPs KID requirement to UCITS funds by another two years amid mounting pressure from the asset management industry, regulators and MEPs.
The European Union's Packaged Retail and Insurance-based Investment Products (PRIIPs) regulation is aimed at helping retail investors better understand and compare the key features, risks, rewards and costs of different products through a short Key Information Document (KID). This is a standalone, standardised document prepared for each investment, which can be up to a maximum of three sides of A4-sized paper. AIC urges FCA action as KIDs research suggests 'nonsense' risk results The KID requirement currently applies to the vast majority of retail investment and insurance product p...
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