{
  "id": "reg-priips",
  "type": "regulation",
  "languages": {
    "en": {
      "id": "reg-priips",
      "lang": "en",
      "type": "regulation",
      "title": "PRIIPs (Packaged Retail and Insurance-based Investment Products Regulation)",
      "shortDefinition": "The PRIIPs Regulation requires providers of packaged retail investment products, including unit-linked life insurance, to produce a standardized key information document for retail investors.",
      "synonyms": [
        "Packaged Retail and Insurance-based Investment Products Regulation",
        "Key Information Document"
      ],
      "linesOfBusiness": [
        "Life"
      ],
      "jurisdictions": [
        "EU"
      ],
      "tags": [
        "Regulatory",
        "Consumer Protection"
      ],
      "relations": {
        "relatedTerms": [
          "cov-fondsgebundene-lebensversicherung",
          "reg-idd",
          "reg-fida"
        ],
        "partOf": [],
        "appliesTo": [],
        "regulatedBy": [],
        "relevantFor": [],
        "insurableVia": [],
        "mitigatedBy": [],
        "comprises": [],
        "alternativeTo": [],
        "complementedBy": []
      },
      "attribute": null,
      "profile": null,
      "coverageProfile": null,
      "clause": null,
      "legalBasis": [
        "EU: PRIIPs Regulation (EU) No 1286/2014"
      ],
      "standards": [],
      "reviewStatus": "expert-reviewed",
      "reviewedBy": "Guido Hesse, Hesse Group Holding AG",
      "lastReviewed": "2026-09-04",
      "version": "0.1.0",
      "updated": "2026-08-31",
      "generated": {
        "by": "process:reconstructed",
        "at": "2026-08-31T00:00:00.000Z"
      },
      "verified": [
        {
          "by": "human:ghesse",
          "at": "2026-09-04T00:00:00.000Z",
          "method": null
        }
      ],
      "staleAfter": null,
      "url": "https://hgh.ch/lexikon/en/knowledge/regulation/priips-regulation/",
      "alternateUrl": "https://hgh.ch/lexikon/de/wissen/regulierung/priips/",
      "body": "## Concept\n\nThe PRIIPs Regulation (Packaged Retail and Insurance-based Investment Products) requires providers of so-called packaged retail investment products, particularly including unit-linked life insurance with an investment component, to produce a standardized key information document (KID) of no more than three pages, which must be provided to the client before the contract is concluded.\n\n## Content of the Key Information Document\n\nThe key information document must present, in a clear and standardized form, key product characteristics, including the risk-reward profile using a uniform summary risk indicator, potential performance scenarios under different market conditions, all costs associated with the product, and information on the recommended holding period and cancellation options.\n\n## Relevance for Product Comparability\n\nThe PRIIPs Regulation pursues the goal of making different packaged retail investment products – from unit-linked insurance to investment funds to structured securities – more easily comparable for retail clients through a uniform, cross-product format; it thus complements the advisory documentation required under the Insurance Distribution Directive (IDD) with a standardized, product-specific information instrument."
    },
    "de": {
      "id": "reg-priips",
      "lang": "de",
      "type": "regulation",
      "title": "PRIIPs (Verordnung über verpackte Anlageprodukte)",
      "shortDefinition": "Die PRIIPs-Verordnung verpflichtet Anbieter verpackter Anlageprodukte, einschliesslich fondsgebundener Lebensversicherungen, zur Erstellung eines standardisierten Basisinformationsblatts für Kleinanleger.",
      "synonyms": [
        "Packaged Retail and Insurance-based Investment Products Regulation",
        "Basisinformationsblatt"
      ],
      "linesOfBusiness": [
        "Life"
      ],
      "jurisdictions": [
        "EU"
      ],
      "tags": [
        "Regulatorik",
        "Verbraucherschutz"
      ],
      "relations": {
        "relatedTerms": [
          "cov-fondsgebundene-lebensversicherung",
          "reg-idd",
          "reg-fida"
        ],
        "partOf": [],
        "appliesTo": [],
        "regulatedBy": [],
        "relevantFor": [],
        "insurableVia": [],
        "mitigatedBy": [],
        "comprises": [],
        "alternativeTo": [],
        "complementedBy": []
      },
      "attribute": null,
      "profile": null,
      "coverageProfile": null,
      "clause": null,
      "legalBasis": [
        "EU: PRIIPs Regulation (EU) No 1286/2014"
      ],
      "standards": [],
      "reviewStatus": "expert-reviewed",
      "reviewedBy": "Guido Hesse, Hesse Group Holding AG",
      "lastReviewed": "2026-09-04",
      "version": "0.1.0",
      "updated": "2026-08-31",
      "generated": {
        "by": "process:reconstructed",
        "at": "2026-08-31T00:00:00.000Z"
      },
      "verified": [
        {
          "by": "human:ghesse",
          "at": "2026-09-04T00:00:00.000Z",
          "method": null
        }
      ],
      "staleAfter": null,
      "url": "https://hgh.ch/lexikon/de/wissen/regulierung/priips/",
      "alternateUrl": "https://hgh.ch/lexikon/en/knowledge/regulation/priips-regulation/",
      "body": "## Begriff\n\nDie PRIIPs-Verordnung (Packaged Retail and Insurance-based Investment Products) verpflichtet Anbieter sogenannter verpackter Anlageprodukte für Kleinanleger, darunter insbesondere fondsgebundene Lebensversicherungen mit Anlagekomponente, zur Erstellung eines standardisierten, höchstens dreiseitigen Basisinformationsblatts (Key Information Document, KID), das dem Kunden vor Vertragsabschluss zur Verfügung gestellt werden muss.\n\n## Inhalt des Basisinformationsblatts\n\nDas Basisinformationsblatt muss in verständlicher, standardisierter Form zentrale Produktmerkmale ausweisen, darunter das Risiko-Rendite-Profil anhand eines einheitlichen Gesamtrisikoindikators, mögliche Wertentwicklungsszenarien unter verschiedenen Marktbedingungen, sämtliche mit dem Produkt verbundenen Kosten sowie Informationen zur Haltedauer und zu Kündigungsmöglichkeiten.\n\n## Bedeutung für die Vergleichbarkeit von Produkten\n\nDie PRIIPs-Verordnung verfolgt das Ziel, die Vergleichbarkeit unterschiedlicher verpackter Anlageprodukte – von fondsgebundenen Versicherungen über Investmentfonds bis hin zu strukturierten Wertpapieren – für den Endkunden durch ein einheitliches, produktübergreifendes Format zu erleichtern; sie ergänzt damit die Beratungsdokumentation nach der Versicherungsvertriebsrichtlinie (IDD) um ein standardisiertes, produktbezogenes Informationsinstrument."
    }
  }
}