Date: 23rd September 2019

BETTER FINANCE has always strongly supported the aim of the PRIIPs Regulation: to tell potential investors what they need to know in a short, comprehensible format which they can easily compare with similar documents issued for other products. It is the first – and so far the only - “horizontal” EU set of investor protection rules on both non-insurance based and insurance based retail investment products. However, the design and execution of the PRIIPs KID run counter to its admirable objective of “enabling retail investors to understand and compare the key features and risks of the PRIIP” (article 1 of the PRIIPs Level I Regulation).