EUROPEAN UNION: EFAMA Calls for 1 Year Delay to the Introduction of PRIIPs Regulation

Wednesday May 4 2016

The European Fund and Asset Management Association (EFAMA) and other European financial associations have written to the European Commission to call for a one year delay of the entry of application of the PRIIPs Regulation.

The Associations have expressed concern that the final Regulatory Technical Standards (RTS) – which are essential for the development of the Key Information Document (KID) – will only be officially published in the third quarter of 2016, leaving only 3 to 4 months for product manufacturers and distributors to meet the 31^st December 2016 deadline. They believe that this timeline is unrealistic.

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