The EBA, EIOPA and ESMA have published a joint consultation on proposed amendments to the PRIIPs Delegated Regulation.
The proposed measures are intended to, allow the appropriate application of the PRIIPs KID by UCITS and relevant non-UCITS funds, and address the main regulatory issues that have been identified since implementation, such as the use of (or otherwise) the KID in digital channels.
Specific areas of consultation include:
- proposals to change the methodology for performance scenarios
- how past performance information could be included in the KID
- different options to change the methodologies tot calculate cots and how these are presented in summary tables, and
- proposals to amend the rules related to PRIIPs offering a range of options for investment.
Responses are invited by 13 January 2020.