The new Q&A PRIIPs with clarifications on the definition of proxy and other topics.

ESMA has updated its Q&As on PRIIPs KID, incorporating clarifications such as defining "PRIIPs open to subscription," distinguishing between "benchmark" and "proxy," specifying data range for SRI calculation, addressing currency risk applicability, clarifying disclosure requirements for cost and scenario information as well as provided guidance on the alignment of disclosed costs in tables 1 and 2 for year 1.

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The update includes the following clarifications

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