PRIIPS

The EU improves provisions of the information for investors.

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Since 2018, investors in the EU have been provided with a basic information sheet with the most important features, such as the costs and risks of an investment, before buying a packaged retail and insurance-based investment instrument (PRIIPs, including funds, life insurance and certificates). However, as an exception retail funds may use the established 'key investor information (KID)' until the end of 2021. BVI has argued strongly for this exception. The reason is the shortcomings in the PRIIPs KID, especially in the requirements concerning costs and performance.

The EU eliminates flaws that we have been criticising for years. We call for an appropriate extension of the exemption for retail funds beyond the end of 2021. The legislators will have to abolish the 'key investor information' (UCITS KIDs) for funds at the same time as introducing the improved PRIIPs KIDs for fund savers. The coexistence of PRIIPs and UCITS KIDs for a fund would confuse investors due to the different information. Fund companies also need to have enough time to carefully implement the new requirements.

News

Press Release

8/2/2021

PRIIPs: ESAs´ proposals improve information for investors

The German Investment Funds Association BVI welcomes the proposals of the European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) to improve the...

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Press release

17/8/2020

EU legislators to start a review of PRIIPs immediately

The German Investment Funds Association BVI calls on EU legislators to start the review of the regulation on Packaged Retail and Insurance-based...

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Regulations

24/4/2020

BVI: Include past performance in PRIIPs-KIDs

The EU is currently working on new technical regulatory standards to remedy the deficient PRIIPs key information documents, as requested by BVI.

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Positions

PRIIPs

23/12/2019

Response form for the Joint Consultation Paper concerning amendments to the PRIIPs KID

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PRIIPs

6/12/2018

BVI’s response to the Joint Consultation Paper concerning amendments to the PRIIPs KID from 8 November 2018 (JC 2018 60)

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PRIIPs

27/9/2018

BVI’s response to the FCA Call for Input “PRIIPs Regulation – initial experiences with the new requirements”

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PRIIPs

24/9/2018

Adaptation of the calculation methodology for transaction costs under the PRIIPs Regulation: suggestions by BVI and EFAMA

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PRIIPs

8/5/2018

The exemption from scope of the PRIIPs framework for retail investment funds should be extended by another two years until 31 December 2021

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PRIIPs

23/3/2017

BVI’s response to the ESA’s consultation on EOS PRIIPs

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PRIIPs

26/1/2016

BVI’s response to the ESAs’ Joint Consultation Paper on PRIIPs Key Information Documents from 11 November 2015

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BVI's positions from A-Z

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