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FCA acknowledges investment trust platform clash and proposes changes in call for wider CCI input
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Today (19 December), the FCA asked the industry for feedback on its plans to scrap certain EU regulations and replace them with «a new flexible and proportionate product information framework tailored to UK markets and firms» as part of CCI. This will include products such as closed- and open-ended investment funds, structured products, contracts for difference (CfDs), derivatives, and insurance-based investment products (IBIPs), with more than 12.6 million UK investors (23% of all adults) holding an investment falling within the CCI umbrella. The consultation follows the Treasury's ...
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