2014R1286 - Summary
REGULATION (EU) No 1286/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs) (Text with EEA relevance)
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🇫🇷 French Version: 2014R1286_FR.0. Open the PDF. Direct link to URL.
CHAPTER I - SUBJECT MATTER, SCOPE AND DEFINITIONS
Article 1 - This Regulation lays down uniform rules on the format and content of the key information document to be drawn up by PRIIP manufacturers and on the provision of the key information document to retail investors in order to enable retail investors to understand and compare the key features and risks of the PRIIP. Article 2 - 1. Article 3 - 1. Article 4 - For the purposes of this Regulation, the following definitions apply:
CHAPTER II - KEY INFORMATION DOCUMENT
SECTION I - Drawing up the key information document
Article 5 - 1.
SECTION II - Form and content of the key information document
Article 6 - 1. Article 7 - 1. Article 8 - 1. Article 9 - Marketing communications that contain specific information relating to the PRIIP shall not include any statement that contradicts the information contained in the key information document or diminishes the significance of the key information document. Marketing communications shall indicate that a key information document is available and supply information on how and from where to obtain it, including the PRIIP manufacturer’s website. Article 10 - 1. Article 11 - 1. Article 12 - Where the key information document concerns an insurance contract, the insurance undertakings’ obligations under this Regulation are only towards the policyholder of the insurance contract and not towards the beneficiary of the insurance contract.
SECTION III - Provision of the key information document
Article 13 - 1. Article 14 - 1.
CHAPTER III - MARKET MONITORING AND PRODUCT INTERVENTION POWERS
Article 15 - 1. Article 16 - 1. Article 17 - 1. Article 18 - 1.
CHAPTER IV - COMPLAINTS, REDRESS, COOPERATION AND SUPERVISION
Article 19 - The PRIIP manufacturer and the person advising on, or selling, the PRIIP shall establish appropriate procedures and arrangements which ensure that: Article 20 - 1. Article 21 - 1.
CHAPTER V - ADMINISTRATIVE PENALTIES AND OTHER MEASURES
Article 22 - 1. Article 23 - Competent authorities shall exercise their powers to impose sanctions in accordance with this Regulation and national law in any of the following ways: Article 24 - 1. Article 25 - The competent authorities shall apply the administrative sanctions and measures referred to in Article 24(2) taking into account all relevant circumstances including, where appropriate: Article 26 - Decisions to impose sanctions and measures taken pursuant to this Regulation shall be subject to a right of appeal. Article 27 - 1. Article 28 - 1. Article 29 - 1. Article 29a - Accessibility of information on the European single access point
CHAPTER VI - FINAL PROVISIONS
Article 30 - 1. Article 31 - Where the Commission adopts regulatory technical standards pursuant to Article 8(5), Article 10(2) or Article 13(5) which are the same as the draft regulatory technical standards submitted by the ESAs, the period during which the European Parliament and the Council may object to those regulatory technical standards shall, by way of derogation from the second subparagraph of Article 13(1) of Regulation (EU) No 1093/2010, of Regulation (EU) No 1094/2010 and of Regulation (EU) No 1095/2010, and in order to take into account the complexity and volume of the issues covered therein, be two months from the date of notification. At the initiative of the European Parliament or the Council that period may be extended by one month. Article 32 - 1. Article 33 - 1. Article 34 - This Regulation shall enter into force on the twentieth day following that of its publication in the