The table below provides a high-level comparison between the PRIIPs KID and the UCITS KIID.
Of these, the most significant are the move from past performance to future performance and the replacement of the SRRI with the calculations of SRI based upon the MRM and CRM.
| SECTIONS | PRIIPs KID | UCITS KIID |
|---|---|---|
| FORMAT | 7 Sections 3 Pages | 5 Sections 2 Pages |
| PRODUCT INFORMATION | Type of PRIIP, Objectives, Type of Retail Investor, Details of Insurance Benefits (if applicable) and Term | Description of Product’s Objectives and Investment Policy |
| PERFORMANCE | Future Scenario | Past Performance |
| RISK INDICATORS & PERFORMANCE CALCULATIONS | Market Risk Measure (MRM) Credit Risk Measure (CRM) Summary Risk Indicator (SRI) | Synthetic Risk and Reward Indicator (SRRI) |
| MANUFACTURE DEFAULT | Clarification on financial loss due to the default of the manufacturer and guarantees if applicable | N/A |
| COSTS / CHARGES / FEES | Summary cost indicator of the costs and its effect on the Yield, listing one-off costs, recurring costs and relevant incidental costs | Charges including entry charges, exit charges, ongoing charges, performance fees |
| HOLDING PERIOD | Recommended holding period, disinvestment procedure and any related fees and/or penalties | N/A |
| COMPLAINT | Complaint procedure and contact information | N/A |
| OTHER RELEVANT INFORMATION | Information on where and how other documents can be obtained | Information on where and how to obtain further information about UCITS |