Regulator delays PRIIPs KIDs policy statement to Q1 2022

Originally slated for January 2022

James Baxter-Derrington
clock • 1 min read

The Financial Conduct Authority (FCA) has delayed its policy statement regarding key information documents (KID) to Q1 2022.

While the packaged retail and insurance-based investments products regulation (PRIIPs), which requires a KID to be given to an investor before and after the sale of any PRIIPs product, has already been onshored, concerns had been flagged by the regulator in relation to its 2018 call for input and 2019 feedback statement. As such, the regulator was due to publish its final rules for KIDs in January 2022 but has now delayed the publication to a less specific "Q1 2022". The regulator confirmed it will include "confirmation of when the rules will take effect and any implementation period"...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA commits to fast authorisations to boost finance sector

FCA commits to fast authorisations to boost finance sector

The regulator’s latest business plan highlights this focus

Sahar Nazir
clock 19 March 2024 • 1 min read
FCA to invest £1.9m in supporting clients with investment decisions

FCA to invest £1.9m in supporting clients with investment decisions

The regulator’s 2024/25 business plan outlines new initiative for investment

Sahar Nazir
clock 19 March 2024 • 1 min read
FCA's Rathi: Fair value is not 'Trojan horse' for price regulation

FCA's Rathi: Fair value is not 'Trojan horse' for price regulation

'Move away from prescriptive rules, beloved of compliance consultants’

Jenna Brown
clock 14 March 2024 • 4 min read