FCA launches discussion paper around PRIIPs replacement ideas

Comes after the Treasury removed the regulation last week

clock • 2 min read

The Financial Conduct Authority (FCA) is seeking views from industry participants on the delivery, presentation and format of the information that should be disclosed to potential investors as it looks to develop a new set of rules to replace the packaged retail and insurance-based investment products (PRIIPs) regulation.

It comes after HM Treasury set out its intention to remove PRIIPs regulation on 9 December and said the FCA would be responsible for establishing the future disclosure regime. FCA executive director of markets Sarah Pritchard commented: "The current rules make it very difficult for consumers to get the information they need in the way they need it to help them make effective investment decisions.  "We now have the flexibility to design a new regime which is less rigid and more focused on the outcome we are seeking - we want consumers to have the confidence to invest and understand the...

To continue reading this article...

Join Professional Adviser

  • 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 catches firm offering compensation of £50 to BSPS victims

FCA catches firm offering compensation of £50 to BSPS victims

Regulator has come down hard on Welsh advisory firm David Stock & Co

Hope William-Smith
clock 22 May 2023 • 1 min read
Former London Capital & Finance CEO receives ten month sentence

Former London Capital & Finance CEO receives ten month sentence

Serious Fraud Office releases statement about Michael Thomson

Hope William-Smith
clock 17 May 2023 • 1 min read
FSCS investigates London firm Pello Capital after liquidation

FSCS investigates London firm Pello Capital after liquidation

The wealth manager was authorised by the FCA between 2007 and 2022

Hope William-Smith
clock 10 May 2023 • 1 min read