ESAs agree PRIIPs KID changes

The ESAs have suggested to the European Commission a package of changes to the PRIIPs KID. The main proposals for change are:

• new methodologies to calculate appropriate performance scenarios and a revised presentation for scenarios;
• changes to the cost indicators and the way they are presented;
• changes to how transaction costs are calculated;
• refinements to the rules for MOPs, particularly to better identify cost implications;
• incorporating requirements for UCITS when the UCITS exemption expires at the end of 2021; and
• publication of past performance information.