European regulators issue fresh Kid proposals

European supervisory authorities have issued a paper proposing forthcoming requirements for retail product's key information documents, with a focus on cost transparency and types of risk indicator

Timothy Hailes, Joint Associations Committee

The three European supervisory authorities (ESAs) – the European Banking Authority, the European Securities and Markets Authority and the European Insurance and Occupational Pensions Authority – have published a discussion paper offering a preview of forthcoming key information document (Kid) legislation for packaged retail insurance and investment products (Priips).

Under European Union regulations issued in April, all products governed by Priips must be distributed with a Kid, which outlines

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