Key information documents for packaged retail and insurance-based investment products

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Vedtaget on 14/12/2016 - Bureau decision date: 13/12/2016
Reference
INT/811-EESC-2016-6321
Opinion Type
Mandatory
Referral
COM(2016) 709 final 2016/0355 COD
Official Journal
OJ C 75, 10.3.2017, p. 44
Rapporteur
Daniel MAREELS
(Belgium
Financial markets

Key points:

  • The EESC supports the Commission’s proposal, and regards the period of one year as an acceptable choice, particularly as the regulation will now come into force at the same time as the new MiFID II rules.
  • The Committee stresses that this deferral must be an exception and should not be repeated.
  • It must not jeopardise the objectives and achievements of the PRIIPs regulation. Any amendments to the delegated act therefore need to fit into the abovementioned framework.

 

Other relevant EESC opinions:

 

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