Date: 4th January 2017
Author:
Type: In the news
The three European Supervisory Authorities (ESAs) responsible for adopting PRIIPs regulatory technical standards (RTS) into legislation have failed to reach an agreement on the European Commission's proposed amendments to the directive, casting doubt over whether they can meet their February 2017 deadline.
In a letter to the European Commission sent on 22 December signed by Gabriel Bernardino, chair of EIOPA, Andrea Enria, chairperson at the EBA, and Steven Maijoor, chair of ESMA, the ESAs stated they "are not in an position to provide an agreed opinion on the amended draft RTS".
Read the full article here.