Regulatory Alerts2018-02-20
Added · Updated
FMA Circular on Key Information Documents for Packaged Retail and Insurance-based Investment Products (PRIIPs)
The Austrian Financial Market Authority issued this circular to provide legal interpretation on the scope and presentation of Key Information Documents for insurance-based investment products. It defines the specific product categories subject to the PRIIP Regulation, distinguishing between covered investment-oriented life insurance and excluded non-life or term products. The guidance further details requirements for cost indicators, holding periods, performance scenario templates, and the updating of documents to ensure comparability and consumer protection.