ESMA News

Joint Consultation concerning amendments to the PRIIPs KID

The European Supervisory Authorities (ESAs) welcome comments on this consultation paper setting out proposed amendments to Commission Delegated Regulation (EU) 2017/653 of 8 March 2017  (hereinafter “PRIIPs Delegated Regulation”).

The consultation package includes:

  • The consultation paper
  • Template for comments

The ESAs invite comments on any aspect of this paper. Comments are most helpful if they:

  • contain a clear rationale; and
  • describe any alternatives the ESAs should consider.

When describing alternative approaches the ESAs encourage stakeholders to consider how approach would achieve the aims of Regulation (EU) No 1286/2014  (hereinafter “PRIIPs Regulation”).

Submission of responses

The consultation paper is available on the websites of the three ESAs. Comments on this consultation paper can be sent using the response form, via the ESMA website under the heading ‘Your input – Consultations’ by 13 January 2020.

Contributions not provided in the template for comments, or after the deadline will not be processed.

Publication of responses

All contributions received will be published following the close of the consultation, unless you request otherwise in the respective field in the template for comments. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. A confidential response may be requested from us in accordance with ESAs rules on public access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by ESAs Board of Appeal and the European Ombudsman.

Data protection

The protection of individuals with regard to the processing of personal data by the ESAs is based on Regulation (EU) 2018/172. Further information on data protection can be found under the Legal notice section of the EBA website and under the Legal notice section of the EIOPA website and under the Legal notice section of the ESMA website.

Original Article Here

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