PRIIPS - Documents with Key Information
With effect from 31 December 2017, Regulation of the European Parliament and of the Council No. 1286/2014 of 26 November 2014 on Key Information Documents for Packaged Retail and insurance-based Investment Products (PRIIP), which aims to ensure the transparency of these specific investment products, which are often complex and difficult for retail investors to understand.
According to the PRIIPs Regulation, for this purpose, creators of structured retail investment products, of insurance-based investment products are required to develop a standardized Key Information Document (KID) relating to these products to help retail clients understand the main features of the products as well as the related risks and costs associated with them. The format and content of the Key Information Document (KID) is defined by the PRIIPs Regulation.
VÚB, a.s. as the creator of structured retail investment products is required to publish the KID for all relevant products on its website prior to making them available to retail clients. All KIDs are published on the website.