FCA lays out more detail for how CCIs will replace PRIIPs

The Financial Conduct Authority has opened a second consultation on the new product information regime for Consumer Composite Investments. Its latest proposals build on a first consultation on the CCI framework which the FCA published in December 2024 (see RIP to PRIIPs. Hi to CCIs).

In CP25/9 the FCA's proposals include:

• removing rules on disclosing implicit transaction costs,
• changing MiFID costs and charges rules, and
• de-scoping certain UK schemes from the requirements for CCIs.

The consultation closes on 28 May 2025. Subscribers to the Linklaters knowledge portal can read our note on the latest round of proposals: FCA consults again on CCIs and proposes changes to MiFID costs and charges rules