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...
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