ESA Joint Committee · priips-64 Final

Clarification is necessary on the specific currency risks which will be covered by Element C of Annex III of the Commission Delegated Regulation. Clarification is necessary for PRIIPs distributed simu

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

Clarification is necessary on the specific currency risks which will be covered by Element C of Annex III of the Commission Delegated Regulation. Clarification is necessary for PRIIPs distributed simultaneously in EUR and a non-EUR jurisdiction, as to whether only the currency risk between the product currency and the home currency of the investor is covered.

Answer

Only the currency risk between the product currency and the currency of the Member State where the product is being marketed is covered. See Article 3(2)(c) of the Commission Delegated Regulation.
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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