Key Information Documents (“KIDs”) of Packaged Retail and Insurance-based Investment Products (“PRIIPs”) can be accessed once the regulation has entered into effect.



The Packaged Retail and Insurance-based Investment Products ("PRIIPs") regulation aims to ensure comparability between similar products and improve respective transparency. A Key Information Document (“KID”) provides key facts such as the investor risk/return profile and related costs to (retail) investors in a clear and understandable manner pre-trade. The regulation not only covers collective investment schemes but also other “packaged” investment products offered by banks or insurance companies, e.g. Fixed Income instruments with a derivate component, Structured Products, Warrants, OTC Derivatives and ETFs. Furthermore, in a two-year interim period for UCITS funds, the existing KIID (Key Investor Information Document) will continue to be supplied before migrating to the new KID format. As a product distributor, Deutsche Bank Luxembourg is obliged to hand out a KID to its clients who are classified as retail investors (within the meaning of Annex II of Directive 2014/39/EC (Markets in Financial Instruments Directive, “MiFID”)) prior to the execution of all concerned security / derivative trades in both advisory as well as non-advisory situations. If a product issuer fails to provide a KID to Deutsche Bank WM location, a trade is not possible and has to be blocked accordingly.