The ESAs stated in the February 2019 Final Report that they would work with the European Commission regarding the possibility to test both the existing KID approaches and new proposals on consumers. Within the timeframe of the current review of the PRIIPs Delegated Regulation, it will not be possible to test all aspects of the KID.
However, the European Commission, with the assistance of the ESAs, have initiated a targeted consumer testing exercise to assess the effectiveness of different presentations of performance information. This testing is being led by the European Commission in close co-operation with the ESAs and the content of the testing is based on options proposed by the ESAs. This includes options regarding performance scenarios and past performance, which are explored further in this paper.
The timeframe for conducting consumer testing meant that the presentation options were drafted at an early stage in the review process. The results of this testing are expected to be p
…