ESAs consult on PRIIPs KID changes

The ESAs are consulting on proposed amendments to the PRIIPs KID.  The consultation follows the ESAs’ letter to the Commission on developing guidance on information on investment funds. It also noted the need to make targeted amendments to the PRIIPs delegated Regulation to apply the PRIIPs KID requirements appropriately to UCITS and relevant non-UCITS funds, and address some of the practical issues that have arisen since the KID was introduced. The changes cover:

• the approach to performance scenarios;
• specific other issues; and
• potential changes when the article 32 exemption expires.

Consultation closes on 6 December.