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Key information document: Difference between revisions
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A [[key investor information document]], or “[[KIID]]” (or even, for the less finnicky, a “[[KID]]”) is a document intended to help an investor to understand the basic risks of the financial product she may be considering and make an informed investment decision. | {{g}}A [[key investor information document]], or “[[KIID]]” (or even, for the less finnicky, a “[[KID]]”) is a document intended to help an investor to understand the basic risks of the financial product she may be considering and make an informed investment decision. | ||
This is radical and, for an attorney, rather intimidating for, in the sainted history of financial law, neither of these things has ever been part of the enterprise of anyone drawing up offering materials. The basic purpose of offering documents has always been threefold: | This is radical and, for an attorney, rather intimidating for, in the sainted history of financial law, neither of these things has ever been part of the enterprise of anyone drawing up offering materials. The basic purpose of offering documents has always been threefold: | ||