ESA Joint Committee · priips-151 Final

Should the costs disclosed in table 1 (cost over time) and table 2 (total cost) be aligned for year 1?

Name: Should the costs disclosed in table 1 (cost over time) and table 2 (total cost) be aligned for year 1?: 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: 2024-03-15
Answer provided by: ESAs (EBA, ESMA, EIOPA)

More Q&As on this regulation →

⚠

Joint Committee Q&As are published in consolidated PDF documents without explicit question/answer delimiters. Section boundaries below are identified automatically and may occasionally be imprecise.

Question

Should the costs disclosed in table 1 (cost over time) and table 2 (total cost) be aligned for year 1?

Answer

Yes. Table 2 intends to show a breakdown of one of the figures included in table 1. This applies both to PRIPs as well as to insurance-based investment products. For PRIPs which show costs in table 2 at 1 year in Euros, the sum of the different rows in table 2 should equal the ‘Total costs’ figure in Euros shown at 1 year in table 1. Equally, for insurance-based investment products, the sum of the different rows in table 2 showing ‘Annual cost impact’ percentage figures should equal the annual cost impact percentage figure at the RHP in table 1. Taking this into account, table 2 does not include a ‘Total’ row given that this figure should already be provided in table 1.

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.

Similar Q&As

Should entry and exit costs under the table ‘Composition of costs’ of Annex VII be recalculated as an impact per year based on the recommended holding period instead of a RIY figure? No, the calculati

Answered 2017-07-04

Should a KID disclose cost information and scenario information about 1 year and half the RHP in case the investors may not be allowed to exit a PRIIP before the end of the RHP?

Answered 2024-03-15

Which annual cost impact is shown in table 2 (composition of costs)? For insurance-based investment products, the table shows the impact of the different types of costs on the investment return the in

Answered 2017-08-18

Point 52(h) of Annex VI indicates that transaction costs are included in the ‘other ongoing costs’. What does this mean in terms of where transaction costs should be included in table 2 ‘Composition o

Answered 2022-11-14

For autocallables, for an early call scenario, what time periods should be used when calculating the performance scenarios and cost figures?

Answered 2022-11-14

📋 Track EU financial regulation continuously

Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.

Start free trial → Learn more

14-day free trial. No credit card required.