ESA Joint Committee · priips-42 Final

When sufficient history for the SRI calculation is not available to cover 5 years of data for a daily share class, can the PRIIP manufacturer decide to use a benchmark/proxy to cover up to 5 years of

Regulation
PRIIPs
Answered
2024-03-15
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

When sufficient history for the SRI calculation is not available to cover 5 years of data for a daily share class, can the PRIIP manufacturer decide to use a benchmark/proxy to cover up to 5 years of history or should this only be used for the minimum 2 years requirement? Similarly, if a daily share class has 3 years of history can a PRIIP manufacturer choose to include 2 years of benchmark/proxy data and base the calculation on a 5 year range?

Answer

Yes, as indicated in points 9 and 10 of Part 1 of Annex II of the PRIIPs Delegated Regulation the use of 5 years of data is intended where this is available. Where less than 5 years of historical daily prices of the PRIIP are available, the historical daily prices of an appropriate benchmark or proxy can be used to supplement the data of the PRIIP such that 5 years of historical daily prices are available for the SRI calculation.
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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