This Section considers the overarching next steps that the ESAs intend to take following the public consultation, including elements of process or procedure.
The ESAs have initiated work to be able to provide input to a review of the PRIIPs Delegated Regulation during 2019. As part of this work, from a process perspective, the ESAs would like to highlight the following:
• The ESAs intend to finalise their work, including proposing new RTS by the end of this year, well before the expected end of the exemption for UCITS at the end of 2021. It is understood that amendments to the PRIIPs Delegated Regulation could be applied to existing PRIIPs during 2020 before the expected end of the exemption for UCITS;
• The ESAs will work with the European Commission regarding the possibility to test both the existing KID approaches and new proposals on consumers; the importance of this aspect of the review was underlined by many respondents to the CP;
• The ESAs will continue to engage with sta
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