On 14 July 2016, the European Commission adopted a draft Commission Delegated Regulation on product intervention; supplementing PRIIPs.  This sets out the proposed criteria for triggering national supervisor and EIOPA product intervention powers (i.e. powers to prohibit or restrict temporarily the marketing/distribution of insurance based investment products), and the factors to be taken into account in this regard. The Council of the EU and the European Parliament must now consider the draft Delegated Regulation (which is currently intended to apply from 31 December 2016).