PRIIPs are a kind of product which constitutes a market worth up to €10 trillion in the EU according to European Commission estimates.

The Joint Committee of the European Supervisory Authorities (ESAs) -EBA, EIOPA and ESMA- were mandated by the PRIIPs Regulation to develop draft Regulatory Technical Standards (RTS) on the content and presentation of the KIDs for PRIIPs.  A prescribed format and content for the KID (Key Information Document).