Sorry saga: PRIIPs fiasco runs right to the wire

Next key debate postponed until 9 November

Almost unbelievably, the PRIIPs saga is rolling on for yet another month, with the next key debate on the issue scheduled for 9 November; just weeks before the original implementation date of the ill-fated regulations.

Investment Week readers will recall this particular example of the EU regulatory machine at its very worst has been causing huge headaches for providers for some months now, ever since the European Parliament rejected the regulatory technical standards (RTS) for PRIIPs Key Information Documents (KIDs) at the end of August. European Commission will not debate PRIIPs delay until 22 November Its Committee on Economic and Monetary Affairs (ECON) argued the calculation of future performance scenarios under PRIIPs does not fulfill the requirement to provide information which is "accurate, f...