FCA to ditch performance scenarios from PRIIPs KIDs in rules shake-up

Regulator tackles issues with new post-Brexit powers

Mike Sheen
clock • 4 min read
FCA to ditch performance scenarios from PRIIPs KIDs in rules shake-up

The Financial Conduct Authority (FCA) is proposing a raft of changes to the PRIIPs regulations under its new post-Brexit powers, including the removal of “misleading” performance scenarios and exemptions for certain bond products.

Proposals published today (20 July), as part of a consultation paper, seek to provide more clarity to consumers about what PRIIPs products are, the risk presented and information to help understand likely...

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