BRUSSELS, 17 January 2017 – ESBG updated today its webpage on the Packaged Retail Investment Products regulation.
The savings and retail banking association's position is that it welcomes the adoption of the PRIIPs regulation and, in particular, the postponement of this application date as a solution to the delayed adoption of the technical standards.
Additional clarifications are needed, however, on important aspects of the provisions. In particular, the most pressing open questions are how to handle products manufactured before 1 January 2018, the provision of the KID in portfolio management services and other scope issues for specific OTC derivatives.
>> See updated PRIIPs position page