Sources of regulation

Level 1 legislative text

Text of the PRIIPs KID Regulation – published in the Official Journal of the European Union (the "Official Journal") on 9 December 2014

Regulation (EU) 2016/2340 amending the PRIIPs KID Regulation as regards the date of its application – published in the Official Journal on 23 December 2016

Level 2 measures

Published in the Official Journal

Commission Delegated Regulation (EU) 2016/1904 with regard to product intervention – published in the Official Journal 29 October 2016

Commission Delegated Regulation (EU) 2017/653 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 – published in the Official Journal 12 April 2017

• Corrigendum to Commission Delegated Regulation (EU) 2017/653 – published in the Official Journal 11 May 2017

RTS with regard to presentation, content, review and provision of the key information document (draft documents and related materials)

ESAs, joint response to the European Commission on the amendment of the final draft RTS with regard to the presentation, content, review and provision of the key information document – dated 22 December 2016

European Commission, letter addressed to the ESAs inviting them to amend the RTS with regard to the presentation, content, review and provision of the key information document and annex setting out the Commission’s proposed amendments to the RTS – dated 10 November 2016

European Parliament, Objection to a delegated act: Key information documents for packaged retail and insurance-based investment products – published 14 September 2016

Commission Delegated Regulation with regard to the presentation, content, review and revision of key information documents and the conditions for fulfilling the requirement to provide such documents and annexes 1 to 7 – adopted by the Commission on 30 June 2016

Blackline comparison of the text of the adopted delegated regulation against the text of the final draft RTS dated 31 March 2016

ESAs, Final Draft RTS with regard to presentation, content, review and provision of the key information document, including the methodologies underpinning the risk, reward and costs information – dated 31 March 2016

ESAs, Errata relating to Joint Consultation Paper published 11 November 2015 – published 5 January 2016

ESAs, Joint Consultation Paper on the Content and Presentation of KIDs for PRIIPs containing draft "level 2" RTS – published 11 November 2015

European Commission, Final Report: Consumer testing study of the possible new format and content for retail disclosures of packaged retail and insurance-based investment products – published 9 November 2015

ESAs, Technical Discussion Paper on Risk, Performance Scenarios and Cost Disclosures in Key Information Documents for Packaged Retail Insurance-based Investment Products – published 23 June 2015

ESAs, Discussion Paper on Key Information Documents for Packaged Retail Insurance-based Investment Products – published 17 November 2014

Level 3 measures

EIOPA, Q&A on the comprehension alert in the Key Information Document for Insurance-Based Investment Products – 19 December 2017

ESAs, Questions and answers on the PRIIPs KID (Commission Delegated Regulation (EU) 2017/653) – updated 20 November 2017

ESAs, Flow diagrams for the risk and reward calculations in the PRIIPs KID – published 16 August 2017

ESAs, letter addressed to ECON and ECOFIN relating to the development of level 3 measures to aid implementation and consistent supervision of the KID – dated 30 June 2016

European Commission, Communication from the Commission: Guidelines on the application of 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) – published in the Official Journal (C Series) 7 July 2017

UK implementation

FCA, Policy Statement PS17/6 on FCA’s disclosure rules following application of PRIIPs Regulation: Feedback to CP16/18 and final rules – published 2 May 2017

FCA, Consultation Paper CP16/18 on changes to disclosure rules in the FCA Handbook to reflect the direct application of PRIIPs Regulation – published 18 July 2016

Industry response

Joint Associations Committee, follow-up letter to the European Commission and the ESAs – dated 23 June 2016

European Commission, response to the Joint Associations Committee letter dated 17 February 2016 – published 26 April 2016

Joint Associations Committee, letter to the ESAs (the "long letter") that details implementation issues not strictly in scope of the question asked under the recent consultation – dated 17 February 2016

Joint Associations Committee, letter to the European Commission and the ESAs (the "short letter") on questions of scope, territoriality and secondary trading that arise from the KIDs for PRIIPS Consultation Paper – dated 17 February 2016

List of responses to ESAs' Joint Consultation Paper dated 11 November 2015 – published 10 February 2016

PRIIPs KID filing requirements 

Italy – December 2017

Finland – December 2017

The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
Readers should take legal advice before applying it to specific issues or transactions.