AIC: 'Enough is enough' when it comes to KIDs

Responds to FCA consultation

Kathleen Gallagher
clock • 2 min read
Richard Stone is chief executive of the AIC
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Richard Stone is chief executive of the AIC

The Association of Investment Companies (AIC) is continuing to put pressure on the regulator with regards to Key Information Documents (KIDs) as it says “enough is enough” in its latest consultation response.

The Financial Conduct Authority (FCA) closed a consultation on the Packaged Retail and Insurance based Investment Products (PRIIPs) disclosure regime on 30 September. However, the AIC has said the proposals in the consultation, CP21/23, "do not resolve these issues" and "enough is enough".   In its response to this consultation the AIC also called for a meaningful review and voiced concerns about the FCA's proposed timetable to introduce its changes in January 2022. FCA to ditch performance scenarios from PRIIPs KIDs in rules shake-up "We fail to see the urgency to implement c...

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