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On March 20, 2024, the European Parliament published a statement that the Economic and Monetary Affaires committee (ECON) had agreed and voted in favor of the new modernisation measures proposed for the PRIIPs Key Information Document (KID). These measures aim at updating the Key Information Document for Packaged Retail and Insurance-based Investment Products in order to improve transparency and investor protection.


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Let's talk how we can help your business.


Connect to a new world of efficiency by utilizing cleversoft’s business solutions.

Contact us

On March 20, 2024, the European Parliament’S Committee on Economic and Monetary Affaires (ECON) agreed and voted in favor of the new modernisation measures proposed for the PRIIPs Key Information Document (KID).

On March 25, 2024, ECON published its Report on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1286/2014 as regards the modernisation of the key information document, which also contains the latest version of the draft regulation updating the PRIIPs Regulation (EU) No 1286/2014). The Report also contains some amendments made by ECON to the draft regulation.

In a next step, the legislative proposal, which aims at reinforcing investor protection rules, will be discussed and voted upon by the European Parliament.

The proposed amendments included in the latest draft regulation apply to:

Although proposed amendments received approval from ECON, they must undergo formal voting in the EU Parliament. This process is anticipated to take place during the upcoming parliamentary hearings, following which an enforcement period of 18 months is foreseen. The extended timeframe is attributed to the necessity of corresponding RTS adjustments triggered by updates in Level 1 regulation. These adjustments are yet to be formally proposed by the ESAs and also require passage through the EU legislative process. Overall, cleversoft anticipates the new rules to be enforceable as of the beginning of 2026.

cleversoft’s regulatory watch is closely monitoring all regulatory developments. As part of our Compliance Commitment guarantee, we are happy to offer our customers continuously evolving regulatory services that take into account regulatory changes and new disclosure requirements.

We would be happy to guide and empower your regulatory compliance. Feel free to send us a message via the contact form on our website. We will be happy to answer your questions

If you have any questions about PRIIPs reporting and our services, please send us a message. Our experts will be happy to advise you on the details.

For more information on our PRIIPs services, please visit our website.