On Tuesday 4 July, the European Commission adopted guidelines to help providers and distributors of retail investment products to put together their 'key information documents' (KIDs).
The KID document, which was brought in by the regulation on key information documents for packaged retail and insurance-based investment products (Priips) adopted in November 2014 (see EUROPE 11194), must be made available to consumers considering investing in a retail financial product. Designed to be a...