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European Commission adopts Delegated Acts on PRIIPs Regulation

On 30 June 2016 the European Commission adopted the Delegated Acts (Level 2 measures) supplementing the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation.

On 30 June 2016 the European Commission adopted the Delegated Acts (Level 2 measures) supplementing the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation. The text, which comprises a Delegated Regulation and several Annexes, is broadly consistent with the Draft Regulatory Technical Standards issued by the three European Supervisory Authorities (EBA,EIOPA,ESMA) in April 2016 and no significant changes have been introduced.. Provided that neither the Parliament nor the European Council disagree, the Delegated Regulation will be applicable from 31 December 2016.

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