P8_TA(2016)0458 Date of application: Key information documents for packaged retail and insurance-based investment products ***I European Parliament legislative resolution of 1 December 2016 on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1286/2014 of the European Parliament and of the Council on key information documents for packaged retail and insurance-based investment products as regards the date of its application (COM(2016)0709 — C8-0457/2016 — 2016/0355(COD)) P8_TC1-COD(2016)0355 Position of the European Parliament adopted at first reading on 1 December 2016 with a view to the adoption of Regulation (EU) 2016/… of the European Parliament and of the Council amending Regulation (EU) No 1286/2014 on key information documents for packaged retail and insurance-based investment products as regards the date of its application
Date: 2016-12-01
Institutions: Committee on Civil Liberties, Justice and Home Affairs, Committee on Economic and Monetary Affairs, Committee on the Internal Market and Consumer Protection, European Parliament
Subjects: consumer information, financial services, insurance, regulation of investments, technical standard








C_2018224EN.01019901.xml










27.6.2018   


EN


Official Journal of the European Union


C 224/199





P8_TA(2016)0458
Date of application: Key information documents for packaged retail and insurance-based investment products ***I
European Parliament legislative resolution of 1 December 2016 on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1286/2014 of the European Parliament and of the Council on key information documents for packaged retail and insurance-based investment products as regards the date of its application (COM(2016)0709 — C8-0457/2016 — 2016/0355(COD))
(Ordinary legislative procedure: first reading)
(2018/C 224/38)

The European Parliament,






—


having regard to the Commission proposal to Parliament and the Council (COM(2016)0709),










—


having regard to Article 294(2) and Article 114 of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C8-0457/2016),










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having regard to Article 294(3) of the Treaty on the Functioning of the European Union,










—


having regard to its resolution of 14 September 2016 on the Commission Delegated Regulation of 30 June 2016 supplementing Regulation (EU) No 1286/2014 of the European Parliament and of the Council on key information documents for packaged retail and insurance-based investment products by laying down regulatory technical standards with regard to the presentation, content, review and revision of key information documents and the conditions for fulfilling the requirement to provide such documents (C(2016)03999 — 2016/2816(DEA)), and in particular paragraph 4 thereof (1),










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after consulting the European Central Bank,










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after consulting the European Economic and Social Committee,










—


having regard to the undertaking given by the Council representative by letter of 23 November 2016 to approve Parliament’s position, in accordance with Article 294(4) of the Treaty on the Functioning of the European Union,










—


having regard to Rule 59 of its Rules of Procedure,










—


having regard to the report of the Committee on Economic and Monetary Affairs (A8-0356/2016),












1.


Adopts its position at first reading hereinafter set out;












2.


Calls on the Commission to refer the matter to Parliament again if it intends to amend its proposal substantially or replace it with another text;












3.


Instructs its President to forward its position to the Council, the Commission and the national parliaments.






(1)  Texts adopted, P8_TA(2016)0347.


P8_TC1-COD(2016)0355
Position of the European Parliament adopted at first reading on 1 December 2016 with a view to the adoption of Regulation (EU) 2016/… of the European Parliament and of the Council amending Regulation (EU) No 1286/2014 on key information documents for packaged retail and insurance-based investment products as regards the date of its application

(As an agreement was reached between Parliament and Council, Parliament's position corresponds to the final legislative act, Regulation (EU) 2016/2340.)