Date: 14th October 2016

BETTER FINANCE and EFAMA have always been strong supporters of the “PRIIPs” Key Information Document (“KID”), seeing it as a powerful instrument for retail investors to enable sound investment choices by allowing easier comparisons within a wide range of investment products. In order for this to happen, the rules defining the detailed contents of the PRIIPs KID must be correctly calibrated so that investors are given meaningful, comprehensible and comparable information. CFA Institute joined forces with both organisations to denounce the lack of disclosure to EU citizens as individual investors of the past performance of investment products in the required key information documents for Packaged retail and insurance-based investment products (PRIIPs KID).