PRIIPs rules under fresh attack as ESAs rebuff amendments

In a letter to the European Commission sent on 22 December signed by Gabriel Bernardino, chair of EIOPA, Andrea Enria, chairperson at the EBA, and Steven Maijoor, chair of ESMA, the ESAs stated they "are not in an position to provide an agreed opinion on the amended draft RTS". The letter came after the European Commission presented the three ESAs with a number of suggested changes to the PRIIPs RTS on 10 November to be made within six weeks. They are necessary as the original RTS, first submitted by the ESAs on 6 April 2016, were rejected by the European Parliament in September on co...