Insurance EuropeInsurance Europe
Position Paper
Response to the ESAs discussion paper on key information documents for packaged retail and insurance-based investment products (PRIIPs)

The aim of the PRIIPs Regulation is to ensure that retail investors are provided with accurate, fair, clear and not misleading pre-contractual information.

Parallel and equivalent disclosure requirements under different EU legislation mean that there will be a duplication of some pre-contractual information provided to retail investors.

It is, therefore, likely that the information will be provided to retail investors in different format in line with the different legislation applying. This would lead to an overload of information and confusion for retail investors as well as contradict the objectives of the Regulation.

Published 18 February 2015