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ARTICLE · 27 JULY 2017

European Commission Agrees To PRIIPs Delay

William Fry LLP
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In a welcome move, the European Commission (the "Commission") has agreed an extension to the date of application of the EU Regulation on Packaged Retail and Insurance-Based Investment Products.

IrelandFinance and Banking
Patricia Taylor
Patricia Taylor
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In a welcome move, the European Commission has agreed to extend the application date of the PRIIPs Regulation thereby providing producers and distributors of PRIIPs with additional time for KID compliance

In a welcome move, the European Commission (the "Commission") has agreed an extension to the date of application of the EU Regulation on Packaged Retail and Insurance-Based Investment Products (PRIIPs) (EU 1286/2014) (the "Regulation"). The deferral, announced on 9 November 2016, follows the European Parliament's (the "Parliament") rejection of the draft regulatory technical standards (RTS) adopted by the Commission in June 2016 in respect of the form, content and methodology of the Key Investor Document (KID) required under the Regulation.

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