European Commission 8 March 2017, Commission Delegated Regulation (EU) 2017/653 of 8 March 2017 supplementing Regulation (EU) No 1286/2014 of the European Parliament and of the Council on key information documents for packaged retail and insurance-based investment products (PRIIPs) by laying down regulatory technical standards with regard to the presentation, content, review and revision of key information documents and the conditions for fulfilling the requirement to provide such documents (Text with EEA relevance. )

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Commission Delegated Regulation (EU) 2017/653 supplements Regulation (EU) No 1286/2014 by laying down regulatory technical standards governing the presentation, content, review, and revision of Key Information Documents (KIDs) for packaged retail and insurance-based investment products (PRIIPs), as well as the conditions for their delivery to retail investors. Key provisions establish mandatory templates and standardised methodologies for disclosing risk (including a summary risk indicator on a scale of 1–7 derived from market and credit risk measures), performance scenarios, and costs (expressed in both monetary and percentage terms as a reduction in yield), with specific rules for PRIIPs offering a range of underlying investment options. The Regulation applies from 1 January 2018, with a transitional derogation until 31 December 2019 permitting use of UCITS key investor information documents for certain underlying investment options.AI