ESA Joint Committee · priips-79 Final

Can a fund with multiple share classes use the price history of an existing share class when a new share class is created rather than use the price history of a benchmark?

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

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Question

Can a fund with multiple share classes use the price history of an existing share class when a new share class is created rather than use the price history of a benchmark?

Answer

Yes, it is expected to be appropriate to use the price history of an existing share class in this case, on the basis that in substance it is part of the same product. However, the features of the specific share class should be reflected, such as adjusted for differences in costs.

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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