The category that a PRIIP belongs to is used to help determine the MRM class. Below is a summary of the approach to be taken for each category.

For details on the VEV calculation, click here.

  • A MRM of 7 shall be assigned

  • A MRM of 6 shall be assigned to category 1 PRIIPS which are priced on a less regular basis than monthly, or which do not have an appropriate benchmark or proxy, or whose appropriate benchmark or proxy is priced on a less regular basis than monthly.