Industry steps up calls for urgent revisions to 'misleading' KIDs as PRIIPs comes into force

Serious investor detriment

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The new PRIIPs directive came into effect on 1 January
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The new PRIIPs directive came into effect on 1 January

Industry trade bodies have made fresh appeals for action to be taken to avoid "serious investor detriment" resulting from newly-enforced PRIIPs literature requirements that will "at best confuse… and at worst mislead" consumers.

The European Union's Packaged Retail and Insurance-based Investment Products (PRIIPs) regulation, which came into force on 1 January, is aimed at helping retail investors better understand and compare...

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