Position page update: PRIIPs

​ESBG updates content around stance on regulation

>> See updated PRIIPs position page

​​​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

Packaged retail investment products; Regulation; Proportionality; European Supervisory Authorities (EBA-ESMA); European Institutions