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- The definition of CCIs is substantially similar to that of PRIIPs, but there are certain key changes: The structure of the CCI Regulations will form part of the UK’s developing regulatory regime, and the Financial Conduct Authority (FCA) will be empowered to make rules for firms engaged in providing CCIs to UK retail investors (whether they are domestic- or overseas- unauthorised firms).
www.skadden.com/insights/publications/2024/02/the-new-cci-regulations
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Sep 19, 2024 · The Government and FCA announce plans to reform UK retail disclosure rules, and will temporarily exempt investment trusts from assimilated EU law requirements.
- HM Treasury
Feb 7, 2024 · The definition of CCIs is substantially similar to that of PRIIPs, but there are certain key changes: The structure of the CCI Regulations will form part of the UK’s developing regulatory...
Sep 19, 2024 · The new CCI regime will deliver more tailored and flexible rules which will address concerns across industry with current disclosure requirements, including for costs. The UK’s new retail disclosure regime is expected to be in place in H1 2025, subject to Parliamentary approval and the FCA consultation process.
Nov 23, 2023 · The UK Government published a draft statutory instrument (“ SI ”) on 22 November 2023 (and accompanying policy note) granting the FCA the powers to construct and deliver a new UK retail disclosure framework for Consumer Composite Investments (“ CCIs ”), which will replace the UK PRIIPs regime, and is intended to be “ proportionate and ...
Apr 13, 2021 · From 1 June 2021, there will be changes for firms subject to regulations 8, 10 and 11 of the Disclosure Regulations 2010 and the relevant rules in our Handbook. These changes relate to new (post-Brexit) pre-contract consumer credit information forms.
The UK Government has provided details to UK PRIIPs replacement. There will be yet another acronym: the Consumer Composite Investments (CCIs) framework. CCIs are the new PRIIPs. The UK Government has given power to the FCA to make rules in relation to disclosure on these.