ESA Joint Committee · priips-7 Final

Is it possible to signpost to a glossary?

Regulation
PRIIPs
Answered
2022-11-14
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

Is it possible to signpost to a glossary?

Answer

Yes, a glossary may be used to provide additional information. However, the relevant legislative requirements need to be taken into account, such as that the KID shall be a stand-alone document (Article 6(2) of the PRIIPs Regulation), containing information on all of the key features of the product and be understandable by itself, written in a language that is “clear, succinct and comprehensible”, and of a maximum of three sides (Article 6(4) of the PRIIPs Regulation). This means that where terminology is used in the KID that may not be comprehensible to the type of retail investor targeted, the term should be explained within the KID. If a glossary is used, it should be easily accessible from the KID, such as via a hyperlink, and referred to in the ‘Other relevant information’ section of the KID.

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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