Key Information Document (KID)—template

The following Insurance & Reinsurance precedent provides comprehensive and up to date legal information covering:

  • Key Information Document (KID)—template

Key Information Document (KID)—template

IP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020. At this time (referred to in UK law as ‘IP completion day’), transitional arrangements ended and significant changes began to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: Brexit—Insurance & Reinsurance—overview.

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this Precedent. For further guidance, see Practice Note: Impact of Brexit: Packaged retail and insurance-based investment products (PRIIPs)—quick guide.

Purpose

This document provides you with key information about this [investment product]. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products.

Product

[Name of Product] [Name of PRIIP manufacturer] [[where applicable ISIN or UPI]] Call [telephone number] for more information [Competent Authority of the PRIIP Manufacturer in relation the KID][date of production of the KID]

[Alert (where applicable) You are about to purchase a product that is not simple and may be difficult to

Popular documents