Extension of transitional period for investment product information documents

by name voted on 23.11.2021

Summary

The proposal extends the deadline for financial companies and advisors to provide standardized Key Information Documents (KID) for certain investment products, providing more time for preparation.

9 23.11.2021

Other

finance

economy

business and competition

Key points

The proposal extends the transitional period for management companies and investment companies involved in UCITS and non-UCITS products.
The extension is intended to allow entities enough time to implement new standards for the content and format of Key Information Documents.
The deadline for the end of the transitional arrangement is moved from 31 December 2021 to 31 December 2022.
The European Parliament emphasizes the need for a broader review of existing regulations to improve retail investor trust and address current limitations.

Vote

PPE

S&D

Renew

Verts/ALE

ID

ECR

The Left

NI

Total

Speeches

3 Speeches in total

Pro

Contra

Maria GRAPINI

S&D

2:42 min

3. Voting session

Othmar KARAS

PPE

0:19 min

3. Voting session

Documents (PDFs)

REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1286/2014 as regards the extension of the transitional arrangement for management companies, investment companies and persons advising on, or selling, units of undertakings for collective investment in transferable securities (UCITS) and non-UCITS Packaged retail and insurance-based investment products (PRIIPs): key information documents. Extension of the transitional arrangement ***I

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