In a discussion hosted by the Greens and the European Free Alliance at the European Parliament on the 19th of October, Ugo Bassi (DG FISMA) mentioned a 6/9/12 month legislation delay, and a draft of new Regulatory Technical Standards (RTS).

The idea behind the legislation is to provide enable clear comparability between Investment Options. Ugo Bassi expressed hopes of bridging the above concerns with the idea and having a new, improved draft ready “By February”.

On November 9th the European Commission will discuss the exact delay time, and whether the level 1 legislation should come into force within the current deadline the 31/12/2016.

Watch the full session