Regulatory Frequently AskedQuestions86

Yes. Our managed service covers data collection, calculation, production and dissemination end to end.

FinDatEx will release new EPT and EMT versions to cover CCI, targeted for early 2027. RiskConcile updates your templates as soon as they are published.

Alongside the consumer document, you must provide the CCI product summary data in a machine-readable format for distributors. We deliver this file with every Product Summary.

No. The FCA CCI regime does not prescribe a fixed format. Certain content is mandatory, but firms choose how to present it. We help you decide what to communicate.

You can reuse most of the underlying data, but not the document itself. The format is different and some values differ, such as CCI transaction costs.

In the UK, yes. The CCI Product Summary replaces both the PRIIPs KID and the UCITS KIID, so every UK-distributed fund needs a move from PRIIPs or UCITS KIID to CCI. In the EU, your PRIIPs KID stays in place.

The CCI regime has been in force since 6 April 2026, with an optional transition period. From 8 June 2027 it is fully mandatory.

The CCI Product Summary, or Product Summary Document (PSD), is the mandatory disclosure under the FCA's Consumer Composite Investments regime. It gives UK retail investors the key facts on a product, including its risk and return score and costs.

A consumer composite investment is assigned a pre-determined risk and return score of at least 9 where it is a CFD, a contingent convertible security (CoCo bond), a derivative, a security issued by a venture capital trust, or an investment in an Enterprise Investment Scheme (EIS). A score of at least 9 also applies where the CCI has a volatility track record of less than five years, reflecting its classification as very high risk due to insufficient historical data. In addition, a pre-determined score of at least 9 applies where the investment strategy involves significant leverage, where the retail investor could lose more than the amount invested, or where the pricing frequency is less than monthly.

Constraining benchmarks and target benchmarks must be included in the past performance chart. Comparator benchmarks may also be included, but their inclusion is optional.

A manufacturer must increase the risk and return score where its assessment indicates that the initial score may cause a retail investor to underestimate the risks of the consumer composite investment. In addition, where a consumer composite investment features low liquidity, the manufacturer must increase the score by one notch. Where the score is already 9, this additional increase does not need to be applied.

A manufacturer may reduce the risk and return score where it considers the score likely to overstate the overall risks of the investment, for example because the volatility calculation period included extreme market anomalies. A more significant reduction may be applied where the investment benefits from at least 90% capital protection under all market conditions. Any adjustment must be supported by documented rationale. However, the risk and return score of consumer composite investments assigned a pre-determined score of 9 cannot be reduced.