European Commission confirms one-year delay to PRIIPs implementation

Revised RTS due for mid-2017

Daniel Flynn
clock • 4 min read

The European Commission (EC) has confirmed the implementation date for its controversial PRIIPs regulations will be pushed back by one year to 1 January 2018.

Following a debate, the College of Commissioners voted to delay the implementation of Packaged Retail and Insurance-based Investment Products (PRIIPs) legislation from its previous implementation date of 31 December 2016. It comes after European Parliament (EP) rejected the regulatory technical standards (RTS) governing PRIIPs Key Information Documents (KIDs) in early September. The Commission said the European Supervisory Authorities controlling the RTS redraft now have six weeks to resubmit their amendments to the EC. It added that it expects the revised PRIIPs framework to be in pl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA enforcement to become 'assertive, proactive and intrusive'

FCA enforcement to become 'assertive, proactive and intrusive'

‘You can expect the regulator to take robust action where needed’

Isabel Baxter
clock 29 February 2024 • 2 min read
FCA: 'Huge opportunity for firms to shape the advice sector'

FCA: 'Huge opportunity for firms to shape the advice sector'

Kate Blatchford-Hick calls on firms to embrace the regulator’s proposals

Sahar Nazir
clock 09 February 2024 • 2 min read
New era for workplace pension governance as TPR overhauls practices

New era for workplace pension governance as TPR overhauls practices

The regulator’s long-awaited general code of practice has been published

Hope Coumbe
clock 11 January 2024 • 1 min read