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PRIIPs Key Information Document: What You Need To Know

The Key Information Document is a legal requirement that aims to protect retail investors. Learn more about PRIIPs KID documentation for a business offering financial products and services.

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PRIIPs Key Information Document: What You Need To Know

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  1. PRIIPS KEY INFORMATION DOCUMENT What You Need To Know WHAT IS PRIIPS KID? A Key Information Document (KID) is a regulatory document that aims to improve the transparency of information available to investors for a product, service, price, and other specifications. WHAT DOES A KID COVER? A PRIIPs KID highlights the type of contract between the business and investors while also covering information such as the risks and rewards of the product and the maximum cost to investors. WHEN IS A KID REQUIRED? A business is required to produce the KID before a contractual agreement with the investors is established. Also, a new KID is required if the terms of the agreement change in the future. WHY OUTSOURCE KID REQUIREMENTS? For large financial organisations that work with a range of products and services, optimising a KID is complex task. Outsourcing helps such businesses minimize risks and comply with KID regulations. LEARN MORE ABOUT PRIIPS KID AT RISKSAVE.COM

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