ALFI responds to second FCA consultation on new CCI product disclosures

This framework is intended to replace the current UCITS KIID and modified EU PRIIPs rules in the UK. The new rules will also apply to non-UK (overseas) funds which are marketed to UK retail investors.

This second consultation was a follow-up to the broader consultation issued in December last year. It focused on cost disclosures and transitional rules.

In particular, ALFI welcomes the proposal to eliminate the disclosure of implicit transaction costs for various reasons. ALFI believes that, even during an interim period, investors should not be presented with two different types of documents for products of the same nature.

View the ALFI response.