What could the PRIIPs KID debate mean for the industry?

Parliament to debate directive next week

Tim Mortimer, managing director at Future Value Consultants, breaks down the potential implications of the Economic Committee of the European Parliament's decision last week to reject PRIIPs technical standards on the grounds they could mislead retail investors.

It has been a week since the Economic Committee of the European Parliament rejected the Level 2 RTS for the proposed PRIIPs regulation on investor protection and definition of the Key Investor Documents (KIDs). It is almost impossible to know what will happen next but a delay in the proposed implementation date of 1 January 2017 seems much more likely that before. It is fair to say that the whole PRIIPs (packaged retail and insurance-based investment products) process has been fraught with difficulties, uncertainty and delays for several years, but the rejection by MEPs of the European C...