N@N

UK watchdog plans to simplify investment information, in shift from EU

^{Published on 2024-12-19 10:20:56 - Reuters}
 

• Britain plans to simplify often complex and unclear documentation handed to investors to boost confidence and drive investments, in what one lawyer called the biggest shift to date from European Union retail regulation.

The UK's Financial Conduct Authority (FCA) has announced plans to simplify investment information for consumers by shifting away from EU regulations, aiming to make it easier for individuals to understand and compare investment products. This initiative, part of the FCA's broader strategy to tailor financial regulations post-Brexit, includes revising the format and content of key information documents (KIDs) for packaged retail and insurance-based investment products (PRIIPs). The changes are intended to address criticisms that the current EU-driven documents are overly complex and not user-friendly. The FCA's proposals involve reducing the length of these documents, enhancing clarity, and ensuring that the information provided is more relevant to UK investors. The consultation on these changes is set to begin in early 2024, with implementation expected later in the year.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/uk-watchdog-plans-simplify-investment-information-shift-eu-2024-12-19/ ]

Contributing Sources

---