PRIIPS KID

PRIIPs KID timeline

Key implementation dates of the PRIIPs KID requirements are set out below.

Timeline

End of transitional period for UCITS

PRIIPs KID Regulation applies

Revised RTS on the presentation, content, review and provision of the key information document adopted by the Commission: expiry of formal scrutiny period by EP and Council

Publication of Communication from the Commission: Guidelines on the application of the PRIIPs Kid Regulation in the Official Journal (C Series)

Publication of (1) ESAs Questions and answers on the PRIIPs KID (Commission Delegated Regulation (EU) 2017/653), and (2) European Commission draft communication: Guidelines on the application of the PRIIPs KID Regulation

Delegated Regulation laying down RTS with regard to the presentation, content, review and revision of key information documents and the conditions for fulfilling the requirement to provide such document published in Official Journal

Revised RTS on the presentation, content, review and provision of the key information document adopted by the Commission, opening scrutiny period by EP and Council

Regulation (EU) 2016/2340 amending the PRIIPs KID Regulation as regards the date of its application published in the Official Journal

ESAs submit joint response to the Commission on the amendment of the final draft RTS with regard to the presentation, content, review and provision of the key information document

Council of the EU approves proposed Regulation to delay application date of Level 1 Regulation

European Parliament approves proposed Regulation to delay application date of Level 1 Regulation

Commission proposal to delay application date of Level 1 Regulation by 12 months

Delegated Regulation with regard to product intervention published in Official Journal

EP (in plenary) objection to the RTS on the presentation, content, review and provision of the key information document

ECON objection to the RTS on the presentation, content, review and provision of the key information document

RTS on the presentation, content, review and provision of the key information document adopted by the Commission, opening scrutiny period by EP and Council

Final RTS released by ESAs

Deadline for comments on draft RTS released 11 November 2015

Public hearing on 11 November CP in Frankfurt

ESAs release a Consultation Paper with draft RTS on: (1) content and presentation (including risk, reward and costs) (Art 8); (2) review, revision & republication (Art 10); and (3) timing of delivery (Art 13)

Deadline for responses to Technical Discussion Paper

ESAs release Technical Discussion Paper on risk, performance scenarios and cost disclosure for KIDs

Council publishes PRIIPs KID Regulation in Official Journal

ESAs release Discussion Paper on risk, performance scenarios and cost disclosure for KIDs

The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
Readers should take legal advice before applying it to specific issues or transactions.