Tim Shakesby IRSG meeting on 15 September 2016 Agenda item 4: EIOPA feedback to IRSG general observations and Q&A input on the RTS on KID for PRIIPs Tim Shakesby IRSG meeting on 15 September 2016

Introduction Issues Action expected of IRSG Next steps General update on progress EIOPA feedback on IRSG issues Action expected of IRSG Share any further questions with EIOPA Next steps EIOPA shares questions with European Commission European Commission Q&As ESA Q&As published

General Update Q&As being finalised ‘Decision Trees’ being developed More than 500 questions gathered Questions being classified, prioritised Draft answers prepared ‘Decision Trees’ being developed Outlining how to apply RTS and shortcuts Many questions for European Commission Scrutiny by European Parliament and the Council

Feedback to IRSG MOPs Timing Implementation KID and local disclosures MRM: categorisation and data issues CRM: look through Performance Scenarios: calculation engines, data issues, etc. MOPs

Next Steps First Q&As to BoSs via Joint Committee First Q&As published On going process for publishing Q&As Network of NCA experts Commission addresses Qs for them Q&As adopted jointly by three BoSs