On 8 February 2019, the European Supervisory Authorities (ESAs) issued final recommendations following their consultation on targeted amendments to the Delegated Regulation covering the rules for the key information document (KID) for packaged retail and insurance based investment products (PRIIPs). The ESAs have decided not to propose targeted amendments at this stage. Instead they will initiate a more comprehensive revision of the Delegated Regulation during the course of 2019 which will include a consultation on the draft regulated technical standards. The ESAs have also issued a supervisory statement regarding performance scenarios in order to promote consistent approaches.
