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Debates
Wednesday, 14 September 2016 - Strasbourg Revised edition

Commission Delegated Regulation supplementing Regulation (EU) No 1286/2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs) (B8-0974/2016)
MPphoto
 
 

  William (The Earl of) Dartmouth (EFDD), in writing. ‒ Regulatory Technical Standards laid before the Parliament by the Commission include a provision that we have learnt will result in misleading information about future performance being published in investment prospectuses.

The Parliament seeks to correct this by objecting to the delegated legislation but, because in doing so the Commission is called upon to act, we cannot vote in favour of either the oral amendment, or the resolution as a whole, nor can we vote against them because doing so would approve delegated legislation (and moreover that legislation would knowingly mislead investors). Accordingly UKIP abstained.

 
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