Press Release: Key things small investors should be told

On 15 April 2014, the European Parliament endorsed the outcome of the inter-institutional trilogue of 1 April and voted in a new pre-contractual information document for retail consumers.

This document will have to be given to all retail consumers before they buy an investment product offered to them by a bank, an insurance company or an investment fund. The new information document will have to indicate what the product invests in, what its risks and potential rewards are and what total costs will come the consumers' way in the course of the product's life cycle.

• Primary Source

European Commission: RAPID: STATEMENT/14/122: The right investment to suit your needs: basic information document will help retail investors make the right choice http://europa.eu/rapid/press-release_STATEMENT-14-122_en.pdf

European Commission: RAPID: MEMO/14/299: Key Information Documents (KIDs) for packaged retail investment and insurance products - Frequently asked questions http://europa.eu/rapid/press-release_MEMO-14-299_en.pdf

ESO: Background information: Basic information for retail consumers: European Parliament and Council back Commission’s proposal on a Key Information Document covering retail investments http://www.europeansources.info/record/statement-basic-information-for-retail-consumers-european-parliament-and-council-back-commissions-proposal-on-a-key-information-document-covering-retail-investments/

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