Last Friday, the EACB together with the European Savings and Retail Banking Group sent a letter to European Commissioner Valdis DOMBROVSKI regarding the PRIIPs dossier following the rejection of the Commission's Regulatory Technical Standards by the European Parliament.
With this letter, the two associations call for or an urgent decision by the European Commission to put in place a delay of the PRIIPs Regulation's application date currently set for 31 December 2016. The two bodies suggest to postpone the application for one year in order to align it with MiFID II and the Insurance Distribution Directive's applications.
Find EACB position on PRIIPs HERE.
Find ESBG position on PRIPPS HERE.