Examples of using Key information document in English and their translations into German
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Official
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Colloquial
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Ecclesiastic
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Medicine
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Financial
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Ecclesiastic
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Political
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Computer
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Programming
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Official/political
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Political
Provision of the key information document.
The key information document does not comply with Article 6(1) to(3) and Article 7;
New prospectus summary modelled after the key information document.
Where the key information document has been revised in accordance with Article 10 all revised versions shall also be made available to the retail investor;
The conditions for fulfilling the requirement to provide the key information document in good time as laid down in paragraph 1;
The key information document does not contain the information set out in Article 8(1) and(2) or is not presented in in accordance with Article 8(4);
The person selling an investment product shall provide the key information document to the retail investor in one of the following media.
More detailed information on this product, the relevant conditions, andthe attendant risks can be found in the general conditions and the key information document.
It is ensured that the key information document remains accessible on the website for such period of time as the retail investor may reasonably need to consult it.
Retail ELTIFs will be a packaged retail investment product andwill need to have a Packaged Retail Investment Product Key Information Document(PRIP KID) for marketing to retail investors.
The key information document may be provided by the means of a website if the key information document is addressed personally to the retail investor or if the following conditions are met.
So that the retail investor is able to take an informed investment decision,persons selling investment products should be required to provide the key information document in good time before any transaction is concluded.
A key information document shall be written in one of the official languages, or in another language accepted by the competent authorities, of the Member State where the PRIIP is distributed.
To ensure necessary flexibility and proportionality, retail investors who wish to conclude a transaction using a means of distancecommunication should be able to receive the key information document after the conclusion of the transaction.
Where colours are used in the key information document, they shall not diminish the comprehensibility of the information in the event that the key information document is printed or photocopied in black and white.
The investment product manufacturer shall establish appropriate procedures and arrangements which ensure that retailinvestors who have submitted a complaint in relation to the key information document receive a substantive reply in a timely and proper manner.
The requirement to produce a summary shouldhowever not be waived when a key information document is required, as the latter does not contain key information on the issuer and the offer to the public or admission to trading of the securities concerned.
For insurance companies, this means that they must explain the tariff information and the information on thepossible investment options in a way that can be easily understood by the consumer and provide distributors with the Key Information Document KID.
When a retail investor demonstrates aloss resulting from the use of the information contained in the key information document, the investment product manufacturer has to prove that the key information document has been drawn up in compliance with Articles 6, 7 and 8 of this Regulation.
The information referred to in paragraph 2 shall be presented in a common format including the common headings and following the standardised order set out in paragraph 2,so as to allow for comparison with the key information document for any other investment product.
If we look at the summary and the key information document- Dr Klinz has spoken about that and the need to have clarity- I think we have reached a wording which will ensure clarity, whilst being clear that civil liability remains with the base prospectus.
Uniform rules should be laid down in order to give the person selling the investmentproduct a certain choice with regard to the medium in which the key information document is provided to retail investors allowing for use of electronic communications where it is appropriate having regard to the circumstances of the transaction.
The key information document should be drawn up in a format which allows retail investors to compare different investment products, since consumer behaviours and capabilities are such that the format, presentation and content of information must be carefully calibrated to maximise understanding and use of information. .
Where successive transactions regarding the same investment product are carried out on behalf of a retail investor in accordance with instructions given by that investor to the person selling the investment product prior to the first transaction,the obligation to provide a key information document under paragraph 1 shall only apply to the first transaction.
Where an investment product manufacturer has produced a key information document which does not comply with the requirements of Articles 6, 7 and 8 on which a retail investor has relied when making an investment decision, such a retail investor may claim from the investment product manufacturer damages for any loss caused to that retail investor through the use of the key information document.
The Agreement between you and us includes the Client Agreement, the Terms and Commissions Table, Key Information Document(KID), the Risk Disclosure Notice, the Conflicts of Interest Policy, the Order Execution Policy, your Application Form and any additional terms and conditions issued by us.
As the key information document should be produced for investment products by entities operating in the banking, insurance, securities and fund sectors of the financial markets, it is of utmost importance to ensure a smooth co-operation between the various authorities supervising investment product manufacturers so that they have a common approach to the application of this Regulation.
Consequently, no key information document required by Regulation(EU) No 1286/2014(the"PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
The key information document should therefore only contain key information, notably as regards the nature and features of the product, including whether it is possible to lose capital, the costs and risk profile of the product, as well as relevant performance information, and certain other specific information which may be necessary for understanding the features of individual types of products, including those intended to be used for retirement planning.