New rules for the KIDS and PRIIPS legislation
The European Parliament has overwhelmingly voted in line with ECON’s recommendation to reject the technical specification of the Key Information Document.
They were particularly concerned at what they thought is over-optimistic projections given to customers as part of the pack. They have asked the Commission to come up with new rules in time for the PRIIPS legislation starting on 31st December 2016.
We have obvious concerns over how this will be done and will keep you up to date.