PRIIPs

The entry into force of PRIIPs on 1 January 2018 has generated worrying issues for AMAFI’s members, manufacturers and distributors alike. The methodology used to draft KIDs (key information documents) in accordance with the regulation frequently leads to overly optimistic and even unrealistic results, both in terms of performance scenarios and the presentation of costs. Besides generating litigation risks with investors that may believe they have received misleading information, the situation is far from ideal for institutions from a business viewpoint. AMAFI is working to disseminate these concerns on a well-argumented basis to the various parties concerned.