New EU Regulation to Enhance Rules on Marketing of Retail Investment Funds in Europe

October 7, 2016

On September 14, 2016, the European Parliament objected to the European Commission’s proposed implementation of the Packaged Retail Insurance and Investment Products (“PRIIPs”) Regulation and called for a delay in its entry into force.

The forthcoming PRIIPs regime – including both the substantive regulation as well as its implementing legislation – is scheduled to come into force on December 31, 2016, unless a delay to that implementation date is agreed.