FCA: Consumer investment product disclosure system 'not working'

FCA rules are expected in late 2025

Michael Nelson
clock • 2 min read

The current system of disclosures for consumers around investment products “is not working”, the Financial Conduct Authority (FCA) has said as it processes feedback to its consultation on its Consumer Composite Investment (CCI) regime.

In a speech at the Boring Money 2025 conference,  FCA asset management and pensions policy department head Nike Trost explained that the regulator had worked closely with industry stakeholders through the summer to go through the extensive feedback it had received, leaving them with some challenges around ensuring that disclosures are "functional rather than factual". Funds "will have a lot more flexibility on how to communicate with their investors", Trost went on to say, describing the way support is provided, and therefore how investors are communicated with, as a package. As well ...

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