Government to repeal EU PRIIPs regulation on retail fund disclosures

New framework by the FCA

Valeria Martinez
clock • 2 min read

The UK government is set to repeal the EU’s packaged retail and insurance-based investment products (PRIIPs) regulation as a “matter of priority”.

As part of the chancellor's so-called "Edinburgh Reforms" of UK financial services regulation, the Treasury has said it will now be up to the FCA to deliver a new retail disclosure regime for the UK. The new disclosure framework will not include the PRIIPs Key Investor Information Document (KIID) or any new comparable prescriptive disclosure documents, but will seek to maintain investor protection, support investment choice and reduce burdens for firms.  Under the new UK regime, the FCA will determine the format and presentation requirements for disclosure to remove prescriptive requi...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

Trustpilot