Packaged Retail Insurance-based Investment Products (PRIIPs)

Published 20.08.2019

Level 1

State-of-play: Published in the Official Journal L 352 of 9 December 2014.
Quick fix published in the Official Journal L 354/35 of 23 December 2016.

Entered into force: Came into effect on 1 January 2018.


  • On 26 March 2019, the Commission opened a call for tender on “Consumer testing services – Retail investors’ preferred option regarding performances scenarios and past performance information within the KID under the PRIIPs framework”.
  • Link to Joint Committee PRIIPS Documents


  • PRIIPs review scheduled for end 2018 has been postponed by the European Commission. As a consequence the CBDF file has been used to introduce changes: UCITS KIID exemption extended for two years.
  • PRIIPs consumer testing exercise result and review are expected for Q1 2020.

Level 2

  • On 10 February 2017, ESAs launched a consultationon PRIIPs products with environmental or social objectives (EOS PRIIPs).
  • On 11 November 2016, the Commission sent a letter with its proposed amendments to the draft RTS to the ESAs.
  • On 8 November 2018 ESAs issued consultation paper on proposed changes to KID PRIIPS.
  • On 8 March 2019 ESMA published the proposition of amendment to PRIIPs key information document to clarify application to investment fund.
  • On 7 June 2019, the European Commission replied to ESAs call of July 2018 to clarify the scope of PRIIPs regulation
  • On 7 June 2019, ESAs proposed performance scenarios options for consumer testing

Level 3

  • On 20 November 2017, the ESAs published a Q&A on the PRIIPS (KID).
  • On 1 October 2018 ESMA published a letter to the European Commission expressing their concerns regarding the possibility of duplicating information requirements for investment fund from 1 January 2020.
  • On 20 July 2018, ESAs published an updated Q&A and updates to the Flow diagrams for the risk and reward calculations (New calculation example for Category 3 PRIIPs stress performance scenario).
  • On 8 February 2019 EIOPA published recommendations on changes to the PRIIPs KID
  • On 4 April 2019, EIOPA published a Q&A on the KID for PRIIPs
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