The European Commission has written on 11th November 2016 to the European Supervisory Authorities (ESAs) requesting that they review the rejected RTS to take into account concerns in four distinct areas on the PRIIPs KID. The ESAs have been asked to respond to the European Commission, with a draft RTS, by 21 December 2016.
While the delay gives the industry more time to implement, the challenges the regulation bring still exist.
- What areas have the ESAs been asked to address?
- What timelines do product manufacturers need to really work towards?
- What should product manufacturers do now?
Find the answers to these questions and gain more insights in the article below.