EIOPA · 2388

Packaged retail and insurance-based investment products (PRIIPs)

Regulation
(EU) 2017/653 - PRIIPs Delegated Regulation for key information document
Article
Annex IV
Topic
Packaged retail and insurance-based investment products (PRIIPs)
Submitted
2022-02-11
Answered
2022-12-01
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Question

In the calculation of performance scenarios (under the new methodology stated by the RTS to Regulation (UE) 2017/653) it is required a different historical time series for the calculation of unfavourable, moderate e favourable scenarios for Category 2 PRIIPs. My question is how this could fit with the unchanged framework for the calculation of stress scenario, MRM and performance scenarios of Category 3 PRIIPs? Does it requires 2 different historical time-series?

Answer

The question was not considered relevant for inclusion in the ESA Q&A process (the last update for PRIIPs was made on 15 November 2022 and can be found on the ESAs's websites under the section "Joint Q&As"), given that the requirement is considered to be clearly set out in the Regulation.  We can confirm that, yes, different historical time series will need to be used for the performance scenario calculations for Category 2 PRIIPs based on the new rules applicable on 1 January 2023.
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This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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