user-avatar
Michaela

UK FCA outlines retail investment overhaul; CCI rules effective June 2027

The UK Financial Conduct Authority set out 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, will take effect in June 2027. Professional clients will lose consumer duty protections, while individuals with at least £10 million ($13.3 million) in cash may opt out.