UK PRIIPs: The FCA's Sledge Hammer

FCA's PRIIPs Consultation: Key Amendments

In July 2021, the FCA released a consultation paper to seek views on proposed amendments to the PRIIPs disclosure regime. Specifically, the FCA aims to address the lack of clarity on PRIIPs scope (mainly with regards to corporate bonds), adjust for misleading performance scenarios and summary risk indicators, and address concerns with regards to transaction costs calculation methodology. In this white paper we discuss the proposed amendments by the FCA and highlight the differences with the EU RTS.