The European Supervisory Authorities (ESAs) - the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (Eiopa) and the European Securities and Markets Authority (Esma) - have submitted draft Regulatory Technical Standards (RTS) on amendments to the Priips KID to the European Commission.
Following a request from the European Commission in December 2020, Eiopa’s board of supervisors further analysed the draft RTS which has been adopted by a qualified majority of its board. According to the letter sent by the ESAs to commissioner Mairead McGuinness (pictured) last week, despite the reservations expressed by some national competent authorities at Eiopa’s board, they supported the proposal based on the further details provided by the Commission in De
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