Packaged Retail and Insurance-Based Investment Products – PRIIPS

The PRIIPs Regulation (n. 1286/2014) requires that manufacturer of certain type of financial products, such as unit-linked life insurance, provide a three-page Key Information Document (KID) to all their clients and prospects residing in the EEA before entering into a contract for PRIIPs. The main purpose of the PRIIPs regulation is to increase transparency and understanding for the retail consumer when making investments in certain types of products.