The European Commission (EC) will now discuss whether to delay the introduction of controversial PRIIPs regulation on 9 November, despite announcing the debate would take place on the 22 November earlier this month.
The amendment was revealed in the Commission's latest agenda and follows industry-wide controversy over the fact the previous date for the discussion came just over a month ahead of the current 31 December PRIIPs implementation date. A delay has been widely anticipated by the industry since the European Parliament rejected the regulatory technical standards (RTS) for PRIIPs Key Information Documents (KIDs) at the end of August. Product providers could be left to prepare for the directive with no official guidelines for their compliance if a delay of the implementation date is not anno...
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