FCA and government lift investment trust cost disclosure requirements as they plan reforms

Legislation will be laid ‘as soon as possible’

Cristian Angeloni
clock • 2 min read

The UK government and the Financial Conduct Authority )FCA) have temporarily exempted investment trusts from complying with cost disclosure requirements.

The move is part of the replacement of EU-inherited consumer disclosure regulation with a new framework for UK markets and firms. Following a Treasury consultation on replacing the EU Packaged Retail and Insurance-based Investment Products (PRIIPs) regime with a Consumer Composite Investment (CCI) framework, the Treasury said it will lay legislation "as soon as possible" to provide the FCA with the "appropriate powers to deliver this reform". The CCI regime will provide more flexibility and tailored rules to address the concerns created by the current cost disclosure requirements, inc...

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 Investment Trusts

Investment trust sector rejoices 'seismic' changes to cost disclosure rules ending 'years of pain'

Investment trust sector rejoices 'seismic' changes to cost disclosure rules ending 'years of pain'

A year after first called for in parliament

Eve Maddock-Jones
clock 19 September 2024 • 4 min read
Witan merges with Alliance Trust to form £5bn investment trust

Witan merges with Alliance Trust to form £5bn investment trust

UK’s largest investment trust merger announced

Jenna Brown
clock 26 June 2024 • 1 min read
Investment trusts close 2023 with 4.6% performance boost

Investment trusts close 2023 with 4.6% performance boost

Numis research into investment company universe

Cristian Angeloni
clock 04 January 2024 • 3 min read