FCA eyes changes to Priips regime
To reduce ‘potentially misleading information being displayed’
To reduce ‘potentially misleading information being displayed’
As government says retail disclosure review findings could lead to ‘changes’ in regulation
‘Flawed review process’ not tackling ‘the heart of the issue’
As it aims to ‘deliver long-term market access’ with Gibraltar, as well as ‘limit’ Brexit disruptions
As lawmakers block reforms due to legal concerns
The UK’s financial watchdog has reviewed wealth managers’ performance on disclosure requirements
‘Investors now face being misled by Kids for years to come’ warns AIC chief executive
Comments welcomed on changes to the presentation and content of the Key Information Documents
Key information document is not meeting its objectives
The Association for Investment Companies (AIC) has added its voice to the criticism of the key information document (Kid) required under the retail investment and insurance products (Priip) regulations following a call for feedback by the UK’s Financial Conduct Authority (FCA).
International advisers have joined European fund managers in a call to reform key information documents for packaged retail and insurance-based investment products – six months into implementation.
The Financial Conduct Authority is “comfortable” allowing Priip manufacturers and advisers to provide “explanatory materials” where there are concerns that performance scenarios in mandatory key information documents (Kids) are too optimistic.