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Tag Archives: KID

Posted in Italy, Regulatory and legislative updates

Italy: Insurance based investment products: Consob simplifies transparency requirements for life insurance undertakings

On 28 June Consob (the Italian supervisory authority on financial markets) launched a public consultation regarding amendments to its Regulation adopted with Resolution No. 11971 of 14 May 1999 (“Consob Regulation on Issuers”) in order to review the pre-contractual information requirements to be met by insurance undertakings when issuing insurance products with financial content (i.e.

Posted in Regulatory and legislative updates, Spain

Spain: Obligation to provide the KID vs lack of obligation to provide the PID

The European Union (the ”EU”) packaged retail and insurance-based investment products (PRIIPs) Regulation (the ”PRIIPs Regulation”) is applicable throughout the EU from 1 January 2018. The main requirement of the PRIIPs Regulation is the provision of a Key Information Document (the ”KID”) to EU retail investors investing in PRIIPs. The KID, which must be provided

Posted in European Union, Regulatory and legislative updates, Spain

Delay in the development of regulatory technical standards of KIDs for PRIIPs

PRIIPs are a kind of product which constitutes a market worth up to €10 trillion in the EU according to European Commission estimates. The Joint Committee of the European Supervisory Authorities (ESAs) -EBA, EIOPA and ESMA- were mandated by the PRIIPs Regulation to develop draft Regulatory Technical Standards (RTS) on the content and presentation of

Posted in European Union, Regulatory and legislative updates, Spain

ESMA, EBA and EIOPA’s joint technical discussion paper on KID for PRIIPs

PRIIPs are a kind of product which constitutes a market worth up to €10 trillion in the EU according to European Commission estimates. The Joint Committee of the European Supervisory Authorities (ESAs) -EBA, EIOPA and ESMA- were mandated by the PRIIPs Regulation to develop draft Regulatory Technical Standards (RTS) on the content and presentation of

Posted in European Union, Market developments, Regulatory and legislative updates

EU: Adoption of the new KID Regulation concerning PRIIPS

The Official Journal of the European Union published on 9 December 2014 the new Regulation on the Key Information Document of the Packaged Retail and Insurance-based Investment Products. Its application is envisaged for the 31 December 2016. The Regulation on the Key Information Document (KID Regulation) shall be applicable for any investment product targeted for