The Joint Committee of ESAs published its Final Report following joint consultation paper concerning amendments to the PRIIPs KID on 8 February 2019.
This Final Report follows a consultation paper (CP) launched by the ESAs in last November on targeted amendments to the PRIIPS KID regulation. It summarises the responses received to that consultation and sets out the envisaged next steps.
Based on the analysis of the feedbacks received, the ESAs have decided that it is not appropriate to propose substantive amendments to the PRIIPs Delegated Regulation at this stage. However, the ESAs concluded that an immediate action is required in relation to the issues discussed in the CP concerning the expectations that the performance scenarios may provide to retail investors and the current practices to address this issue.
