ESAs agree PRIIPs KID changes

The ESAs have suggested to the European Commission a package of changes to the PRIIPs KID. The main proposals for change are:

  • new methodologies to calculate appropriate performance scenarios and a revised presentation for scenarios;
  • changes to the cost indicators and the way they are presented;
  • changes to how transaction costs are calculated;
  • refinements to the rules for MOPs, particularly to better identify cost implications;
  • incorporating requirements for UCITS when the UCITS exemption expires at the end of 2021; and
  • publication of past performance information.

Emma Radmore