SIX Financial Information: MEPs Voted To Object To The PRIIPs Level 2 RTS, But The PRIIPs Regulation Timeline Remains In Force.

The Economic and Monetary Affairs (ECON) Committee of the European Parliament voted yesterday to object to the Level 2 Regulatory Technical Standards (RTS) of the packaged retail and insurance-based investment products (PRIIPs) Regulation. The Level 2 RTS provides detailed rules about the law that comes into force at the end of 2016.