Upcoming delegated acts on PRIIPs with environmental or social objectives
On 31 May 2016, the Commission invited the European Supervisory Authorities (ESAs) to provide technical advice on possible delegated acts concerning the PRIIPS regulation. These delegated acts should set out details of the governance procedures to follow when PRIIPS manufacturers state that their investment products target environmental or social aims. The governance procedures should give substance to any claim made by PRIIPS manufacturers in this regard, and in doing so, support the credibility of the KID.
The Commission requested the ESAs to deliver their advice by 30 April 2017.