EU delays new rules on insurance-based investment products (PRIIPs) by one year
The Commission has just proposed an extension for the date of application of the Regulation on Key Information Documents for Packaged Retail and Insurance-based Investment Products (PRIIPs). The Commission and a Council Working Group agreed in a meeting on Wednesday morning 9 November 2016 to delay the implementation of the PRIIPs Regulation, following discussions earlier
PRIIPS: Investor protection proposals have been unanimously rejected by ECON
On 1 September 2016, the European Parliament’s Economic and Monetary Committee (ECON) unanimously rejected the European Commission’s investor protection proposals. The Commission’s proposal The European Commission had set out regulatory technical standards (RTS) to provide greater protection to consumers who are interested in investing in packaged retail and insurance-based investment products (PRIIPs). The RTS are
ESAs publishes final draft Regulatory Technical Standards on KID for PRIIPS
ESAs has finalised its draft RTS on the PRIIPs KID after consulting various interest groups. These final draft RTS provide clarity on the obligation that the PRIIPs Regulation imposes to provide for a key information document that should be easily understandable for consumers. The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA –
