Clifford Chance

FCA finalises amendments to UK PRIIPs regime

1 April 2022

On 25 March 2022, the FCA published a policy statement (PS22/2) setting out finalised amendments to the UK PRIIPs regime.

The amendments clarify the scope of the UK PRIIPs regime, replace the requirement for PRIIPs KIDs to contain performance scenarios with a requirement for PRIIPs KIDS to contain performance information and make tweaks regarding the calculation and disclosure of transaction costs. While the revised rules entered into force on 25 March 2022, the FCA has included a transitional period with the result that firms have until 31 December 2022 to ensure that they comply with the new requirements.  

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