ESAs say exclusion of performance scenarios options from Priips consumer testing exercise limits scope of regulation; Structured products industry questions whether EU regulators can absorb any results of the consumer testing exercise as they draft RTS paper.
The exclusion of a number of options for presenting information on performance scenarios to be tested during a consumer testing round conducted by the European Commission (EC) under the Level 2 review of the Priips Kid Regulation ‘could limit the scope of the exercise’ and weaken the ‘ability to take informed policy decisions to ensure that investors receive meaningful information,' according to the European Supervisory Authorities (ESAs). In a letter written to th
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