ESA Joint Committee · priips-120 Final

In the case of private Equity, infrastructure and other similar funds where the investments to be made by those funds are unknown at the date of creation/investment in the fund, how to anticipate cost

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

In the case of private Equity, infrastructure and other similar funds where the investments to be made by those funds are unknown at the date of creation/investment in the fund, how to anticipate costs that should be calculated for the purpose of the cost section of the KID?

Answer

In this case, the section "Calculation methodology for new PRIIPs" of the annex VI shall apply (Points 85 and followings) that includes in particular the use of best estimates adopting as proxies either a comparable PRIIP or a peer group. With respect to performance fees and carried interest, there are specific requirements for new PRIIPs, included in Point 24 (b) and 25 (b) of Annex VI.
View original on ESA Joint Committee (EBA, ESMA, EIOPA) ↗

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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