FCA launches discussion paper on future retail disclosure regime after PRIIPs removal

As part of the chancellor's 'Edinburgh Reforms' of UK financial services regulation set out on Friday (9 December), the Treasury unveiled its intention to revoke the packaged retail and insurance-based investment products (PRIIPs) regulation and remove the UCITS disclosure requirements. Under the new regime, the government passes the responsibility to establish a future retail disclosure regime to the FCA, which will determine how much information investors will receive about costs and charges and level of investment risk. Edinburgh Reforms: Key points from Hunt's financial services r...