On July 20, the Joint Committee of the European Supervisory Authorities (ESAs), which comprises the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority, updated its Q&As on the key information document (KID) required to be issued in connection with packaged retail and insurance-based investment products (PRIIPs) when such products are made available to retail investors in the EU.

The ESAs also published updated flow diagrams for the risk and reward calculation disclosures to be provided in any such PRIIPs KID.

The updated Q&As are available here.

The updated flow diagrams are available here.