Summary
This regulation postpones the application of mandatory key information documents for certain investment products to January 1, 2018. This delay allows financial providers more time to prepare for new transparency requirements. 10 23.12.2016
Other
finance
business and competition
information and information processing
Key points
In force from 01/01/2018
- The regulation aims to postpone the mandatory use of transparency documents for certain investment products.
- The new application date for these transparency requirements is set to January 1, 2018.
- A twelve-month extension is granted to allow financial service providers sufficient time to meet new technical requirements.
- The ultimate goal remains to increase transparency and rebuild consumer trust in the financial services industry.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1286/2014 of the European Parliament and of the Council on key information documents for packaged retail and insurance-based investment products as regards the date of its application
Date of application: Key information documents for packaged retail and insurance-based investment products ***I
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