ESA Joint Committee · priips-73 Final

Point 12 of Annex IV of the Delegated Regulation notes that where the objectives of the PRIIP make reference to a benchmark, that benchmark shall be used for the performance scenario calculations. How

Name: Point 12 of Annex IV of the Delegated Regulation notes that where the objectives of the PRIIP make reference to a benchmark, that benchmark shall be used for the performance scenario calculations. How: ESA Joint Committee Q&A — EU Financial Regulatory Q&A
Creator: ESA Joint Committee (EBA, ESMA, EIOPA)
License: https://creativecommons.org/licenses/by/4.0/

Regulation: PRIIPs
Answered: 2022-11-14
Answer provided by: ESAs (EBA, ESMA, EIOPA)

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Question

Point 12 of Annex IV of the Delegated Regulation notes that where the objectives of the PRIIP make reference to a benchmark, that benchmark shall be used for the performance scenario calculations. However, is it permitted to use a different proxy (e.g. price simulation or model scenario) if data series are in line with the objectives of the PRIIP?

Answer

It is allowed to use a different benchmark for the performance scenario calculations only where the conditions in the first subparagraph of point 12 of Annex IV of the Delegated Regulation, are not met.

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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