On 8 March 2017, the European Commission published the long-expected revision of the regulatory technical standards (RTS) on the key information document (KID) for the packaged retail and insurance-based investment products (PRIIPs) Regulation.
The changes concern multi-option PRIIPs, the performance scenarios, the comprehension alert and the presentation of administrative costs. The methodology of the performance scenarios remains unchanged, but an additional stress scenario is now mandatory.
Experts expect non-objection of the European Parliament and the Council in the coming weeks. The regulation will therefore apply together with these new standards as planned, i.e. as from 1 January 2018.
Finalyse, in partnership with Fairmat, provides a web-based PRIIPs solution that is compliant with the new standards – click here to find out more!
Category: Group News, Brussels News
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