ESA Joint Committee · priips-66 Final

What are the implications of Point 53 of Annex II, Part 3 in terms of the monitoring of data? In particular, is it necessary to calculate the MRM on a daily basis?

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

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Question

What are the implications of Point 53 of Annex II, Part 3 in terms of the monitoring of data? In particular, is it necessary to calculate the MRM on a daily basis?

Answer

The requirements for the review of the KID are set out in Article 15 of the Delegated Regulation, where it is stated that changes in the summary risk indicator shall be identified without undue delay. The requirement in Annex II, Part 3, Point 53 is for the PRIIP manufacturer to monitor the market data relevant to the calculation of the MRM. Where the reference points for the MRM calculation are daily market prices, although a daily recalculation of the MRM would be possible, the exact frequency with which the MRM needs to be calculated is not prescribed.

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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