23 EU member states back one-year delay to PRIIPs implementation

In a document from the Council of the European Union, 23 out of 28 member countries, including the United Kingdom, France, Germany and Ireland, said pushing the implementation date back by one year to 31 December 2017 would provide sufficient time to clarify open questions and reach the goals of the PRIIPs regulation. The proposal for a delay comes after European Parliament voted to reject the current regulatory technical standards for the implementation of PRIIPs Key Information Documents (KIDs) last week. The statement from the countries reads: "We fully support the EU-wide introduc...