ESA Joint Committee · priips-140 Final

In the case of subscription products, shall the manufacturer modify the cost figures each time the KID is revised even if the revision is caused by a change in another element and his percentage varia

Name: In the case of subscription products, shall the manufacturer modify the cost figures each time the KID is revised even if the revision is caused by a change in another element and his percentage varia: ESA Joint Committee Q&A — EU Financial Regulatory Q&A
Creator: ESA Joint Committee (EBA, ESMA, EIOPA)
License: https://creativecommons.org/licenses/by/4.0/

Regulation: PRIIPs
Answered: 2021-12-17
Answer provided by: ESAs (EBA, ESMA, EIOPA)

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Question

In the case of subscription products, shall the manufacturer modify the cost figures each time the KID is revised even if the revision is caused by a change in another element and his percentage variation criterion for costs is not exceeded?

Answer

Yes. According to Article 16 of the Delegated Regulation, PRIIP manufacturers shall without undue delay revise the KID where changes to the KID need to be made and shall ensure that all sections of the KID affected by such changes are updated. This is without prejudice of the obligations of distributors in these situations according to the applicable Regulations.

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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