ESA Joint Committee · priips-30 Final

In Annex II, Part 1, Points 9 and 10 it states that the minimum observation frequency is monthly but subsequently it is specified that in the event of bi-monthly publication of prices the frequency wi

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

In Annex II, Part 1, Points 9 and 10 it states that the minimum observation frequency is monthly but subsequently it is specified that in the event of bi-monthly publication of prices the frequency will be bi-monthly. Is that not contradictory?

Answer

Further, in Point 10, no minimum history is explicitly mentioned for bi-monthly prices. It is important to clarify that bi-monthly means that prices are available twice a month (to avoid confusion with every 2 months), so that is more frequent than the minimum monthly frequency. Regarding Point 10, where prices are not available on a weekly basis, but are available on at least a monthly basis (i.e. also including where they are available on a bi-monthly basis), the minimum data history is 5 years.
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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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