PRIIPs delay until 1 January 2018 confirmed by the European Commission

Following the rejection of the Regulatory Technical Standards (RTS) on the Priips by the European Parliament in last September, the European Commission confirmed yesterday, 9th November 2016 a 12 month delay of the implementation of the regulation. Therefore, the new deadline is January 1st, 2018.

This new deadline is valuable because it will give players the necessary time to agree on the expected revised Regulatory Technical Standards (RTS), the production of the Q&A and the implementation by the manufacturers.

In addition, the delay will be in line with the implementation of MIFIID 2 and Insurance Distribution Directive (IDD) which enables consistency implementation across the three regulations.