Commission adopts PRIIPs delegated act

The European Commission has finally adopted the delegated Regulation on RTS under the PRIIPs Regulation, specifying the presentation, content and format of the PRIIPs KID, the methodology for presenting risk and reward, the conditions for reviewing the KID and how to comply with the requirement to provide it to retail investors. The Commission originally adopted the draft last summer but the European Parliament objected to it. The new version takes account of the objections, and appends the approved form of template, with details of calculation methodologies and their presentation. The KID is due to apply from 1 January 2018.

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