On December 1, 2016, the European Parliament published a press release announcing that it has voted to
delay the Regulation on key information documents
("KIDs") for packaged retail and insurance-based
investment products ("PRIIPs") (Regulation 1286/2014)
(PRIIPs Regulation).
The press release highlights that MEPs had criticized previous
proposed standards requiring providers of PRIIPs to produce a KID
as "flawed and misleading." The Parliament has also
published the text of the legislative resolution delaying
the application date of the PRIIPs Regulation to January 1, 2018.
This additional time is to enable those concerned to comply with
the new requirements.
In September 2016, the Parliament announced that it had rejected
the Delegated Regulation that the European Commission had adopted
supplementing the PRIIPS Regulation with regard to regulatory
technical standards (RTS) on the presentation, content, review and
revision of KIDs. The Commission also proposed to
