As recommended by the competent committee, the European Parliament has rejected the proposal of RTS on the Key Investor Document (KID) required by the regulation on Packaged Retail and Insurance-Based Investments Products (PRIIPs). The Commission now has to draft new RTS, taking into account parliamentarians’ concerns about adequate consumer protection. With the PRIIPs regulation entering into force on 31 December 2016, the Council, the Parliament and stakeholder groups urge the Commission to delay the deadline for application. A Commission decision on a delay of several months up to one year is expected in November and a proposal for new RTS in February 2017. Finalyse is monitoring the process and offering solutions to comply duly with the updated requirements. Click here for more information about the mandatory KID and our services.
Category: Group News
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