The FCA Moves Forward with its New Product Information Regime – Consumer Composite Investments

On 19 December 2024, the UK Financial Conduct Authority (FCA) published its consultation CP24/30: A New Product Information Framework for Consumer Composite Investments (CCI CP).

Under the current rules for the PRIIPs KID and UCITS KIID, introduced when the UK was still in the European Union, people buying investments like investment funds are supplied with standardised documents covering prescribed information.

But now the FCA is proposing to replace the regimes it onshored with a system which is intended to be simpler and flexible, and tailored to the UK.

Under the proposals, new product information requirements should help consumers understand the products they are buying while giving firms flexibility to innovate. In this e-briefing we look at the FCA’s proposals in more detail.