Author (Corporate) | European Parliament |
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Series Title | Press Release |
Series Details | 01.09.16 |
Publication Date | 01/09/2016 |
Content Type | News |
The European Parliament's economic and monetary committee endorsed a resolution on 1 September 2016 calling for changes to the legislation covering 'packaged retail and insurance-based investment products' (PRIIPs). The proposal was adopted by the European Commission on 30 June and supplemented the PRIIPs regulation. It introduces regulatory technical standards (RTS) specifying the content and underlying methodology of the so-called Key Information Document (KID) that will have to be provided to retail consumer when they buy certain investment products as of 31 December 2016. The plenary session of the parliament confirmed the decision to return the proposal to the Commission for revision. |
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Source Link | http://www.europarl.europa.eu/news/en/news-room/20160830IPR40525/ |
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Subject Categories | Business and Industry |
Countries / Regions | Europe |
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