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ARTICLE · 19 OCTOBER 2017

PRIIPs And Funds – What You Need To Know

Mason Hayes & Curran LLP
Mason Hayes & Curran LLP
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Mason Hayes & Curran LLP

Mason Hayes & Curran LLP

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From 1 January 2018, Key Information Documents (KIDs) will be required when a ‘Packaged Retail and Insurance-Based Investment Product' (PRIIP) is offered to retail investors.

IrelandFinance and Banking
Conor Durkin
Conor Durkin
Liane Müllers
Liane Müllers
Sarah Cloonan
Sarah Cloonan
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From 1 January 2018, Key Information Documents (KIDs) will be required when a 'Packaged Retail and Insurance-Based Investment Product' (PRIIP) is offered to retail investors. PRIIPs include investment products such as investment funds, structured products, structured deposits, instruments issued by special purpose vehicles and life insurance policies with an investment element.

Who needs to consider producing a KID?

All manufacturers and financial intermediaries that distribute PRIIPs to retail investors fall within the scope of the EU Regulation on Packaged Retail and Insurance-Based Investment Products (EU 1286/2014) (the Regulation). These include fund managers, credit institutions and investment firms. A retail investor includes any investor who is deemed not to be a MiFID professional investor possessing the experience, knowledge and expertise to make their own investment decisions and to properly assess the risks.

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