ESA Joint Committee · priips-63 Final

Can a credit assessment assigned to a group be used for the assessment of the credit risk of the relevant obligor?

Regulation
PRIIPs
Answered
2017-08-18
Answer provided by
ESAs (EBA, ESMA, EIOPA)
⚠

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

Can a credit assessment assigned to a group be used for the assessment of the credit risk of the relevant obligor?

Answer

A credit assessment can only be used where it relates to the PRIIP or the legal entity that is the relevant obligor or guarantor.

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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