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 investment instrument (including funds, life insurance and certificates). However, as an exception 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 blatant shortcomings in the PRIIPs KID, especially in the requirements concerning costs and performance. The EU clearly needs to make changes. We do not want to use the PRIIPs KID until the shortcomings have been remedied.
News
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...
Federal Ministry of Finance addresses key MiFID and PRIIPs requirements for the financial sector
The MiFID II and PRIIPs debate has finally moved on. The German government has acted on the financial sector’s main criticisms and is now calling upon...
