ESA Joint Committee · priips-117 Final

How would the benefits from securities lending (compared to the costs as mentioned in Point 5 (b) (v) of Annex VI) be presented in the KID?

Regulation
PRIIPs
Answered
2017-07-04
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

How would the benefits from securities lending (compared to the costs as mentioned in Point 5 (b) (v) of Annex VI) be presented in the KID?

Answer

The benefits from securities lending would be taken into account in the performance scenarios section of the KID if these are passed to the investor. If these benefits are not passed to the investor, they should be accounted for as costs, according to Point 5(p) of Annex VI.

This Q&A is published by ESA Joint Committee (EBA, ESMA, EIOPA) and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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