Introduction
The long-awaited Consumer Composite Investments (Designated Activities) Regulation 2024 entered into force on 22 November 2024 (the CCI Regulation).
The CCI Regulation creates a regime for consumer composite investments (CCIs) and gives the UK Financial Conduct Authority (FCA) the power to develop and deliver a new retail disclosure regime for CCIs, which is intended to replace the UK PRIIPS regime. Subject to the upcoming FCA consultation (expected shortly), HM Treasury expects the new retail disclosure regime to be in place by H1 2025.
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