UK’s FCA to simplify disclosure rules for investment products

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Financial Times 11h ago

UK’s FCA to simplify disclosure rules for investment products - Financial Times

Quick Summary:

Christian Pittard, head of investment trusts at City fund manager Abrdn, said the FCA’s consultation “has much riding on it and no time to lose”.

The FCA said its new rules would apply to Consumer Composite Investments, covering any products “where the returns are dependent on the performance of, or changes in, the value of indirect investments”.

The new approach “marks the biggest shift from EU retail regulation to date” and would “produce more relevant information” for consumers, said Jake Green, global head of financial regulatory at law firm Ashurst.