Invest Europe-PAE

Response to ESAs Consultation Paper on KID-PRIIPS draft regulatory technical standards

Positions & consultation responses

29 Jan 2016

This PAE response comments on the proposed approach taken by the ESAs to determine the Single Risk Indicator and the costs contained in the Key Information Document ("KID"). It argues that the level of risk assigned to private equity is not based on actual data and that carried interest should not be considered as a cost due to its inherent characteristics.