On 1 January 2018, insurance firms that manufacture Packaged Retail and Insurance-based Investment Products (PRIIPs) will be required by the EU to have new Key Information Documents (KIDs) for each PRIIP. The aim of the PRIIPs Regulation is to encourage efficient EU markets by helping investors to better understand and compare the key features, risk, rewards and costs of different PRIIPs, through access to short and consumer-friendly KIDs.

The KID needs to be a standalone document (maximum 3 pages of A4) and should not form part of other marketing information. It needs to be easily accessible through a customer-facing platform such as a website and made available in good time before the product is sold to retail investors. The technical requirements in the document include a summary of the risk profile, the performance scenarios and the associated costs of the investment product.

Learn the fundamentals with our "Expert Guide to PRIIPs KID":

Our services

OAC’s experts can guide you through all aspects of the creation of a KID. We offer a comprehensive service to help you, including:

  • Advisory Service - Map the regulation to your investment products and advice on the specific requirements for your KIDs.
  • Calculation Service - Help with the production of the KID risk indicators and performance scenarios.
  • Compliance Service - Check your draft KIDs for compliance with the new regulation.
  • Full Production Service - Rest assured with an end-to-end service.
Jackie Wright

For more information
Jackie Wright
Senior Regulatory Compliance Consultant

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