The Financial Conduct Authority is looking further into bringing model portfolios under its incoming consumer composite investments (CCI) regime, which is set to standardise disclosure requirements across all types of authorised funds.
In its feedback report, published today (16 October), on its December discussion paper Expanding Consumer Access to Investments, the regulator said it had asked firms "whether we should make the regulatory treatment of MPS more consistent with other managed products". It had previously stated in the discussion paper that "disclosures for MPS can be inconsistent, unlike the standardised content required for authorised funds, as set out in the new CCI rules". These are set to come into full force on 8 June 2027. One example highlighted by the FCA is that MPS only use labels like "cautio...
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