Industry applauds 12-month Priips delay

Firms say Mifid alignment will minimise legal risks of key information documents

european commission headquarters
The European Commission was initially reluctant to extend the Priips deadline

The European Commission's decision to delay regulations for packaged retail and insurance-based investment products (Priips) for 12 months will allow time for significant revisions, as well as lining up the legislation with the larger, overlapping second Markets in Financial Instruments Directive (Mifid II), according to legal experts.

"There are just so many uncertainties with Priips, which is unusual, so we really need this 12 months to get more clarity from the regulators, especially as they

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