ESA Joint Committee · priips-74 Final

Is it required to keep the same benchmark for the SRI and performance scenario calculations?

Regulation
PRIIPs
Answered
2022-11-14
Answer provided by
ESAs (EBA, ESMA, EIOPA)
More Q&As on this regulation →
⚠

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 required to keep the same benchmark for the SRI and performance scenario calculations?

Answer

For certain Category 1 PRIIPs, Category 3 PRIIPs and Category 4 PRIIPs, the same underlying data should be used for calculating the SRI and performance scenario calculations. For Category 2 PRIIPs falling into Case 2 or Case 3 set out in Annex IV of the Delegated Regulation, the benchmark or proxy used for the performance scenario calculation should be the same as the one used for SRI calculation. However, given that the historical data needed for the performance scenarios calculation is longer than the data needed for the SRI calculation, then a longer data series for the benchmark or proxy may need to be used for the performance scenario calculation. Where there is not sufficient historical data for the benchmark or proxy (that was used for the SRI calculation) that meets the criteria set out in point 5 of Annex IV, the historical data that is available for that benchmark or proxy should be used, supplemented by data from an additional benchmark or proxy in accordance with point 13 of Annex IV.
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.

Similar Q&As

What approach should be taken for Category 2 PRIIPs for which there is not an appropriate benchmark or proxy with sufficient historical data which meets the criteria set out in point 5 of Annex IV of

Answered 2022-11-14

In Annex IV, Case 3 for PRIIPs referred to in point 1 of Annex VIII without sufficient historical data and with no benchmark, or with a benchmark without sufficient historical data, or any other Categ

Answered 2023-12-05

Regarding the methodologies for performance scenario described in Annex IV of the Delegated Regulation ((EU) 2021/2268) it is not clear what approach should be used to build performance scenarios for

Answered 2022-11-14

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

Answered 2022-11-14

Point 15 of Annex IV of the Delegated Regulation states that for Category 2 PRIIPs for which there is not an appropriate benchmark with sufficient history, performance scenarios shall be calculated in

Answered 2022-11-14

📋 Track EU financial regulation continuously

Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.

Start free trial → Learn more

14-day free trial. No credit card required.