FCA consults on post-Brexit divergence for PRIIPS Regulation

On 20 July 2021, the FCA published a long awaited consultation paper seeking views on proposed amendments to address concerns with the UK Packaged Retail and Insurance based Investment Products (“PRIIPs”) Regulation (“UK PRIIPs Regulation”), including the lack of clarity on the scope of the UK PRIIPs Regulation, misleading performance scenarios and summary risk indicators, and concerns with the transaction costs calculation methodology. Read more

Duty of Care – countdown to the much anticipated FCA consultation

Way back in 2019, the FCA published a Feedback Statement, summarising responses to its July 2018 Discussion Paper on the proposed introduction of a 'duty of care' and setting out its next steps.  In that Feedback Statement, the FCA said it would publish a further paper seeking detailed views on specific options for change. We are now expecting the much anticipated consultation this month. Read more