Summary
The European Parliament objects to new technical rules for investment product information (PRIIPs), citing risks of misleading investors and inconsistent application across the EU. 10 14.09.2016
Other
finance
insurance
business and competition
Key points
- The European Parliament formally objects to the Commission's delegated regulation regarding technical standards for investment product information.
- There are significant concerns that the methodology for calculating future performance scenarios is flawed and could mislead investors.
- The current rules may fail to clearly demonstrate that investors could lose money, even in adverse market conditions.
- The removal of credit risk from the calculation of insurance product risks is viewed as potentially misleading for consumers.
Documents (PDFs)
MOTION FOR A RESOLUTION on the Commission delegated regulation of 30 June 2016 supplementing 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 (PRIIPs) by laying down regulatory technical standards with regard to the presentation, content, review and revision of key information documents and the conditions for fulfilling the requirement to provide such documents
Objection to a delegated act: Key information documents for packaged retail and insurance-based investment products
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