Priips delay unlikely even as pressure mounts

EC said to maintain the stance that firms can issue information documents without RTS

Hot issue: regulation due to take effect on December 31, but revising the RTS may overshoot that date

The European Commission is said to have very little appetite to delay regulations on disclosure practices for retail investment products, despite pressure from other legislative bodies and industry groups because the regulatory technical standard (RTS) used for implementing the rules is still under revision, after being rejected by the European Parliament.

"[The European Commission] has always been of the view that it is not necessary to do a delay. It might seem desirable, but it is not

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