Priips rules delay cannot compromise quality

Author: Lizzie Meager | Published: 11 Nov 2016

Both in-house and private practice industry participants have welcomed the one-year postponement of contested new rules for packaged retail products – but they have stressed the importance of working quickly to resolve the issues.

The European Commission made the announcement on Wednesday while the world was distracted by the US presidential election. This is the second large piece of financial regulation that’s been postponed this year, after the Markets in Financial Instruments Directive (Mifid) II was formally delayed in February.

European Parliament overwhelmingly rejected the RTS in SeptemberThe rules for packaged retail and insurance-based investment products (Priips) have been criticised from the beginning for...