Background – EP agreed to delay draft investor protection rule to allow time for improvements
Fuente: Parlamento Europeohttp://www.europarl.europa.eu/sides/getpdf.do?type=IM-PRESS&reference=20161129BKG53731&format=PDF&language=EN
March 2014: European Parliament and Council agree on initial rules requiring a KID for PRIPPs
March 2016: European Supervisory authorities (ESAs) finalise their proposed rules for the KID, which are signed off by the Commission three months later.
September 2016: MEPs vote overwhelmingly to reject the rules by 602 to 4 votes, with 12 abstentions, saying that the rules which investment providers had to meet, were inadequate to protect investors.
Council asks for a 12 month delay in introducing the PRIPPs legislation.
Commission proposes delaying the entry into force of the PRIIPs legislation by a year to allow European supervisory authorities to draft new proposal covering the KID (delegated act).
1 December 2016: Parliament votes to support the delay by 561 to 9 votes with 75 abstentions.
Parliament expects the Commission to draft a new delegated act on regulatory technical standards in 2017. If those new standards are accepted by Parliament and Council, the PRIIPs legislation could be applicable from 1 January 2018.