PRIIPs (Packaged Retail and Insurance-based Investment Products) - what is it?

These are instruments whose return to the client depends on reference values (e.g., indices) or changes in the value of other assets (e.g., financial instruments) that the investor did not directly acquire. Such instruments include: derivatives, closed-end investment fund certificates, ETFs, and structured products.

KID (Key Information Document) - what is it?

This is the PRIIP Key Information Document (KIID). It's a short document containing basic information about the PRIIP. KIDs are prepared in a uniform format and content, allowing clients to compare multiple products offered by different financial market players.