GovWire

Policy paper: UK Retail Disclosure Framework – Draft SI and Policy Note

Hm Treasury

November 22
13:57 2023

UK Retail Disclosure Framework Policy note

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

UK Retail Disclosure Framework - Draft Statutory Instrument

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

This draft statutory instrument (SI) is part of HM Treasurys programme to deliver a Smarter Regulatory Framework for financial services, tailored to the UK.

On 9 December 2022, as part of the Edinburgh Reforms, the government committed to repealing and replacing the EU-inherited PRIIPs Regulation as a matter of priority and issued a consultation on a proposed replacement framework. On 11 July 2023, the government published its consultation response, confirming the governments intention to entirely remove from legislation all firm-facing retail disclosure requirements and ensure the FCA can deliver a new UK retail disclosure framework for consumer composite investments which is tailored to the UK. This draft SI, alongside an accompanying explanatory policy note, explains the governments approach to establishing a new legislative framework for UK retail disclosure, and will facilitate the delivery of new FCA rules to replace PRIIPs. The government welcomes any technical comments on the draft SI by 10 January 2024.

Published 22 November 2023

Recent Comments

Follow Us on Twitter

Share This


Enjoyed this? Why not share it with others if you've found it useful by using one of the tools below: