On May 5, 2017, the Joint Associations Committee on Retail Structured Products (JAC) wrote to the European Commission and European Supervisory Authorities highlighting the risk that, due to the amount of language in the Key Information Documents that is prescribed and not applicable to the products being sold, firms may be compelled to stop trading over-the-counter derivatives with retail investors. The letter was supported by ISDA, ICMA and the Swedish Structured Investments Products Association (SPIS).