ESA Joint Committee · priips-80 Final

Regarding Article 8(3) of the Delegated Regulation: a) What is meant by "performance scenario calculations"? Is it necessary for the full calculations underlying each scenario to be published or just

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

Regarding Article 8(3) of the Delegated Regulation: a) What is meant by "performance scenario calculations"? Is it necessary for the full calculations underlying each scenario to be published or just the result for each scenario? b) When it says, "previous performance scenario calculations shall be published on a monthly basis", is the requirement just for the latest month's figures (over-writing the previous month each time) or will the full history from January 2023 need to be published?

Answer

“Previous performance scenario calculations” intends to cover only the performance scenarios (i.e. the results for each scenario in terms of monetary units and average return in percentage included previously within the KID) and not the full calculations underlying each scenario need to be published. The information published should include figures covering all previous performance scenarios calculated at least on a monthly basis and not over-writing the previous figures.
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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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