On the 8th of March, the European Commission published an updated RTS to overcome the objections that the European Parliament raised when they rejected the previous draft last September.
On the 5th April, the European Parliament officially announced that they would raise no objections to the updated RTS.
The changes focus on four main areas:
- Signposting to UCITS key investor information documents in multi-option products.
- A new stress performance scenario.
- The requirement to show a comprehension alert becoming linked to MiFID II & IDD.
- Changes to how the biometric risk premium of insurance products are communicated.
Have a look at our video to learn more.