The Imminent Challenges
Most of the initial focus of the implementation has been placed on the structure and methodologies used to actually create the KID for PRIIPs, and a key necessary element is now in focus; namely the data collection for the underlying instruments within the package products.
The PRIIPs European Working Group, spearheaded by EFAMA, has exerted a great deal of effort to create a standard set of necessary data, along with data definitions, syntax and a template describing these in detail in order to establish a European standard to ease the burden. Read more and download the templates here.
Even with the standardized data set, there will be enormous challenges in exchanging data and ensuring that all relevant stakeholders have access to the full sets of data in a logical and efficient manner.