The changes are aimed at providing ‘more clarity to consumers about what the products are, the risk presented and information to help understand likely future performance’.
The UK Financial Conduct Authority (FCA) has set out proposals to change disclosure documents provided to retail investors under the Packaged Retail and Insurance-based Investment Products (Priips) regulation. We want to ensure that consumers have what they need through transparent information - Sheldon Mills 'Exiting the EU has provided us an opportunity to quickly amend technical standards surrounding key information documents as we know that they are not fully achieving the intended aims,