What’s Next for PRIIPs?
Here’s a quick update on the various moving parts on PRIIPs and the RTS as it moves through the EU legislative process. In our last update, we announced the milestone of PRIIPs being approved by the Commission (7 September 2021). This now kick starts the co-legislative scrutiny period which typically is two months, with the option for an additional month’s review. In the interim, there is intense advocacy and lobbying persisting to have a 12 month run into the effective date. If successful, this would push the date in the RTS from 1 July 2022 to 1 January 2023. The outcome of this lobbying will become clearer as we progress through the scrutiny period.