information

Corrigendum to Commission Delegated Regulation (EU) 2021/2268 of 6 September 2021 amending the regulatory technical standards laid down in Commission Delegated Regulation (EU) 2017/653 as regards the underpinning methodology and presentation of performance scenarios, the presentation of costs and the methodology for the calculation of summary cost indicators, the presentation and content of information on past performance and the presentation of costs by packaged retail and insurance-based investment products (PRIIPs) offering a range of options for investment and alignment of the transitional arrangement for PRIIP manufacturers offering units of funds referred to in Article 32 of Regulation (EU) No 1286/2014 of the European Parliament and of the Council as underlying investment options with the prolonged transitional arrangement laid down in that Article (Official Journal of the European Union L 455 I of 20 December 2021)

ID 22315

A Corrigendum to Commission Delegated Regulation (EU) 2021/2268 which provides „Regulatory Technical Standards“ for designing Key Information Documents (KIDs) of Packaged Retail and Insurance-based Investment Products (PRIIPs) was published in the Official Journal (OJ) of the EU. According to the corrigendum, Annex II point 1 pertaining to the methodology for presenting market risk of a PRIIPs, specifically pertaining to the assignment of a PRIIPs to a market risk category based upon its volatility (VaR-equivalent volatility (VEV)), was modified as follows:
Graphic 1 – Correction of the VEV formula
Correction of the VEV formula

Other Features
AIF
assessment
CMU
disclosure
insurance
marketing
reporting
risk
sales documents
UCITS
Date Published: 2023-03-16
Regulatory Framework: Packaged Retail and Insurance-based Investment Products Regulation (PRIIPs Regulation)
Regulatory Type: information
Asset Management
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