In a letter sent by the ESAs (the European Supervisory Authorities, i.e. EBA, EIOPA and ESMA) to the European Commission, the ESAs have included a draft amended PRIIPs RTS. As the letter points out, this amended RTS was not supported by EIOPA’s board though it did receive the support of ESMA and EBA. So while the future of the RTS as a whole is still uncertain, we do believe that as far as Structured Products are concerned, we should not expect too many changes to this RTS going forward. Therefore, we have decided to start analyzing its content and summarize the main changes.
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