Update: EU confirms two year UCITS KID delay
European Commission relents to pressure
European Commission agrees to UCITS extension for PRIIPS KID
The controversial extension of the PRIIPs Key Investor Document (KID) requirement to UCITS funds has been delayed by another two years amid mounting pressure from the asset management industry, regulators and MEPs.
MEP's voted on Monday (3 November) to confirm the delay, which will hold off the plans until 2021. Commenting on the delay, Jonathan Lipkin, director of policy, strategy and research at the Investment...
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