The Packaged Retail and Insurance-based Investment Products ("PRIIPs") Regulation aims to ensure comparability between similar products and improve the transparency of the information relating to such products.
The key information regarding a PRIIP is contained in the relevant KID (Key Information Document), which is drafted by the issuer/manufacturer with the aim of presenting the characteristics of the products in an investor friendly manner.
The regulation covers not only collective investment schemes but also other packaged investment products, e.g. fixed income instruments with a derivative component, structured products, warrants, OTC derivatives and ETFs.
Mediobanca, in its capacity as manufacturer of some of the products belonging to the aforementioned categories, is required to make available to investors who are classified as retail clients the KID of its PRIIPs.