PRIIPs KIDs for Investment Products

The PRIIPs Regulation requires product manufacturers to draw up, translate, monitor and review Key Information Documents (KIDs) when making their products available to retail investors within the EEA. Anyone selling or advising about the product is also in scope of certain regulatory requirements. Even though the PRIIPs Regulation has been applicable since 1 January 2018, recent amendments will require the market to adapt their current processes ahead of 1 January 2023 when the revised rules enter into force. This training will provide participants with an overview of these initial and ongoing obligations, provide an outline of the key sections and objectives of a KID, as well as educate about the changes that will enter into force on 1 January 2023. 

Upon completion of the training, participants will have a solid understanding of:

• The scope of the regulatory framework

• The key sections of the PRIIPs KID and past performance document 

• The calculation methodologies of the quantitative sections

• Translation, distribution, and publication requirements

• Ongoing monitoring and review obligations

• The regulatory risks of non-compliance 

• Defining “PRIIP”, “PRIIP Manufacturer” and the scope of the PRIIPs Regulation

• Regulatory framework and recent amendments

• Transition period and exemptions

• Key characteristics and objectives of a PRIIPs KID

• Content and objective of the narrative sections

• SRI, cost and performance indicators

• Past performance document

• EPT and data sharing

• Translation and publication

• Monitoring

• Regulatory supervision and sanctioning powers

• Compliance Officers

• Board members 

• Employees involved in the marketing of investment products

3 hours