On 15 September 2016, we blogged that the European Parliament had rejected the European Commission’s proposed Delegated Regulation supplementing the Regulation on key information documents for packaged retail and insurance-based investment products by setting out regulatory technical standards on the presentation, content, review and revision of key information documents and the conditions for fulfilling the requirement to provide such documents.

The General Secretariat of the Council has now published a note stating that following the European Parliament’s objection the Delegated Regulation can no longer enter into force and there is no need at this stage for the Council of the EU to express its position.

View General Secretariat of the Council note – objection by the European Parliament to the delegated act, 19 September 2016

Leave a Reply

Your email address will not be published. Required fields are marked *