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AIC slams FCA's CCI proposal for single cost figure as a 'continuation of market distortion'
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Earlier today (19 December), the Financial Conduct Authority opened its long-awaited consultation on its proposed Consumer Composite Investment (CCI) regime. This will be brought in to replace the EU-inherited Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation and the Undertakings for Collective Investment in Transferable Securities (UCITS) disclosure requirements. The aim is to develop a «a more flexible, outcome-focused approach» governed by the FCA. FCA acknowledges investment trust platform clash and proposes changes in call for wider CCI inpu...
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