On Wednesday 3 February, the European Insurance and Occupational Pensions Authority (EIOPA) approved the draft regulatory technical standards (RTS) on the Key Information Document or KID) for packaged retail and insurance-based investment products (‘PRIIPs’). The text has been sent to the European Commission for adoption.
After rejecting the draft text last July, the EIOPA, at the request of the Commission, had another look at the text and this time was able to adopt it by qualified...