37m ago
UK FCA details retail investment overhaul, CCI rules effective June 2027
The UK Financial Conduct Authority outlined retail investment reforms, replacing EU PRIIPs disclosures with a Consumer Composite Investments framework and revising client classifications. The CCI rules, covering products held by about 12.5 million UK adults, take effect in June 2027. Professional clients lose consumer duty protections, while individuals with at least £10 million ($13.3 million) in cash may opt out.