If PRIIP manufacturers were required to include in the option-specific information the total costs of investing in that option, this can be seen to provide more complete information to the investors. However, it is recognized that this would raise significant practical challenges and that it may not be proportionate to require this in all cases. Such an approach also does not address the issue related to the combination of options.
Taking this into account, the ESAs consider that a proportionate way forward, but which can bring meaningful improvements, is to introduce some differentiation between the approaches used for different types of options. More specifically, it is proposed to apply this approach as follows:
• The PRIIP manufacturer would be required to provide more complete or “total” information [This means that the information would cover all of the costs and risks of investing in a particular option (or combination of options) within the MOP, as well as and potential p
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