PRIIPs delay: Breaking down the Commission's announcement

Implementation now 1 January 2018

There were two announcements earlier this week that will have a big impact on the investment industry, writes Mikkel Bates, consultant at FE Kii Hub.

One, in the US, was a huge surprise to many, while the other, in Brussels, had been widely predicted. It is the second one that I will consider here. Let's look in more detail at the Commission's press release about the one-year's delay to the launch of PRIIPs and see what was said and, equally importantly, what was not said. "...the European Commission believes that the PRIIPs Regulation is sufficiently clear as well as directly applicable on its own...