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According to feedback from 110 participants of a recent series of cross-industry PRIIPs workgroups held in London, Luxembourg, and Frankfurt led by KNEIP, the financial data and reporting firm, 95% per cent of top tier banks, insurers and asset managers are concerned about the nine-month period between the release of the technical standards for the PRIIPs regulation and the implementation deadline.
Earlier this month, the European Securities and Markets Authority (ESMA) released the final technical standards for the Key Investor Information Document (KID) required to market PRIIPs (Packaged Retail and Insurance Based Products) in Europe. With these standards, the December 31st 2016 implementation deadline for the regulation gives funds nine months to prepare for the...
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