ESMA, EBA and EIOPA have published on July 19th an updated Q&A document, bringing clarification on a number of topics. These include the confirmation that KIDs need to be publicly available on manufacturer's website, clarifications on how the cost and performance figures are to be presented in the KID when the RHP is less than one year and clarification on how costs are to be presented in case the moderate scenario shows a total loss of capital or even a negative return.

The ESAs have also published updated Flow diagrams for the risk and reward calculations in the KID, which now contains diagrams on the performance calculations for the stress scenario.

Read the Q&A on ESA's webpage

Read the Flow diagrams on ESA's webpage

More than 100 distributors have chosen PRIIPsHub as a data and documents exchange infrastructure. We ensure efficiency, accuracy and timeliness.

Demo available now for EMT, EPT and KID for PRIIPs. Contact us at [email protected] or call +45 2250 6867 for further details.

European Supervisory Authorities (ESAs) published on 20th November the third set of questions and answers on the Key Information Document requirements for Packaged Retail and Insurance-based Investment Products.

The following categories have been updated: General topics, Market risk assessment, Performance Scenarios, Derivatives and Multi-option products.

Read more on ESA's webpage

More than 100 distributors have chosen PRIIPsHub as a data and documents exchange infrastructure. We ensure efficiency, accuracy and timeliness.

Demo available now for EMT, EPT and KID for PRIIPs. Contact us at [email protected] or call +45 2250 6867 for further details.

Anthony Miranti, PRIIPsHub's Head of Business Development, was happy to speak at SRP's Nordic Structured Products & Derivatives Conference on 27 September 2017.

Anthony was part of one of the panels, What Strategies Have Exchanges Adopted For The Furthering Of Structured Products, in which the following topics were discussed:

  • How will MiFID 2 listing rules affect the listing of structured products?
  • Providing a venue for the PRIIPs' Key Information Document.
  • How can technology facilitate regulatory changes and requirements?
  • Why aren't more products listed on exchange?
  • Will single and multi-dealer platforms ever disintermediate exchanges?
  • How to get better liquidity in secondary markets?

The conference provided an overall perspective on the state of play for structured markets, options and strategies for the future, as well as addressing the strategies for successfully implementing MiFID and PRIIPs, from a regulatory, technical and data perspective. Specific topics included a Global & Nordic market overview, where the focus was on the trends in product development, and how to create successful coordination between issuers and distributors.

The evening culminated with an Awards Dinner aimed at celebrating the industry's leaders.

The European Supervisory Authorities - EBA, ESMA and EIOPA - published further guidance on the Key Information Document (KID) requirements for Packaged Retail and Insurance-based Investment Products (PRIIPs). 

The first set of questions was published on 4th July 2017 and contained 72 questions and answers. The updated Q&A contains 86 questions and answers. 

The Q&A contains answers to questions covering the following areas: Market risk assessment, Methodology for assessing credit risk, Summary Risk Indicator, Performance Scenarios, Derivatives and Methodology for the calculation of costs.

The ESAs have published an additional document containing diagrams which explain the risk and reward calculations and also examples of calculations.

Read more on ESA's webpage