European Supervisory Authorities plan to issue Q&As on PRIIPS

The Joint Committee of the three European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – has published today a letter to the European Parliament and European Council on the supervisory convergence work by the ESAs in relation to the draft regulatory technical standards on Key Information Documents (KIDs) for Packaged Retail and Insurance-based Investment Products (PRIIPs).

The questions and answers would aim to clarify how to apply certain technical provisions related to the above-mentioned methodologies included in the PRIIPs RTSs.

They would for instance provide clarity which of the different methodological steps need to be followed for PRIIPs by clarifying the different types of different PRIIPs, and explaining in plain language the statistical techniques required. Due to their nature, these questions and answers would not pre-empt the results of the scrutiny period, which would be made clear upon publication.

The ESMA statement can be found here.

Lavanya Rathnam

Lavanya Rathnam is an experienced technology, finance, and compliance writer. She combines her keen understanding of regulatory frameworks and industry best practices with exemplary writing skills to communicate complex concepts of Governance, Risk, and Compliance (GRC) in clear and accessible language. Lavanya specializes in creating informative and engaging content that educates and empowers readers to make informed decisions. She also works with different companies in the Web 3.0, blockchain, fintech, and EV industries to assess their products’ compliance with evolving regulations and standards.

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