ESAs call for improvements in product descriptions intended for retail investors
ESAs
On 10 May 2022, the European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) issued a
joint supervisory statement regarding the
‘What is this product?’ section of the key information document (KID) for packaged retail and insurance-based investment products (PRIIPs). The expectations put forward in the supervisory statement aim at improving the quality of descriptions provided by PRIIPs manufacturers and thereby contribute to better protection of retail investors.