EIOPA · 3086 & PRIIPS 176

Key information document (KID)

Name: Key information document (KID): EIOPA Q&A — EU Financial Regulatory Q&A
Creator: European Insurance and Occupational Pensions Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: (EU) 2017/653 - PRIIPs Delegated Regulation for key information document
Article: point 16 of Annex IV of the Delegated Regulation
Topic: Key information document (KID)
Submitted: 2024-05-06
Answered: 2025-10-10

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Question

Point 16 of Annex IV contains a comprehensive catalogue of criteria for the appropriateness of benchmarks or proxies when they are used to calculate the performance scenarios. There is no corresponding catalogue for the appropriateness of benchmarks or proxies used to calculate the MRM (see point 7 of Annex II, Part 1). Does this mean that benchmarks and proxies used to calculate the MRM are subject to different (lower) appropriateness requirements?

Background

N/A

Answer

Please refer to the existing ESA Q&A on PRIIPs section VI “Performance Scenarios”, and in particular Q&A 11, which are considered to already address the issue regarding the use of a benchmark for the SRI calculations compared to the performance scenario calculations.

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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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