John Berrigan
Director General
Directorate-General Financial Stability, Services and Capital Markets Union (FISMA)
European Commission
Rue de Spa 2
1000 Brussels
Belgium
Subject: Outcome of ESA review of the PRIIPs Delegated Regulation
Dear Mr Berrigan,
We would like to inform you about the outcome of the review by the European Supervisory Authorities (ESAs) of the PRIIPs key information document (KID) following the Consultation Paper published on 16 October 2019 on the draft regulatory technical standards (RTS) to amend Delegated Regulation (EU) 2017/653 (“PRIIPs Delegated Regulation”).
The aims of this review have been to address the main regulatory issues that have been identified since the implementation of the KID, in particular regarding the information on performance and costs, and to allow the appropriate application of the KID by UCITS.
A draft Final Report following this public consultation was submitted to the three Boards of Supervisors of the ESAs for their appro
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