On 19th September 2024, the Financial Conduct Authority (FCA) issued a statement outlining its plans to overhaul the existing PRIIPs legislation in the UK. The new framework Consumer Composite Investments aims to enhance flexibility and address long-standing industry concerns, particularly in the area of cost disclosures.
The COVID-19 pandemic brought unprecedented volatility to global financial markets, leading to significant fluctuations in UCITS and PRIIPs risk indicators. As we approach 2025, the industry must prepare for a…
On April 22, 2024, FinDatEx announced the release of an updated version of the European MiFID Template (EMT), labeled as v4.2. This new version replaces the previous v4.1 and introduces important changes aimed at enhancing disclosures related to costs, charges, and SFDR Client Facing Disclosures for the UK Market.
Discover the latest proposals from the European Parliament Committee for updating the PRIIPs KID. Learn about key highlights, implications, and insights in this comprehensive analysis. Stay informed and explore innovative solutions with Funds-Axis.
Funds-Axis provides solutions to upcoming UK Consumer Duty Regime Last month, we reported on the release of EMT version 4.1 in relation to the upcoming UK Consumer Duty regime, which…
Stay ahead of regulatory changes with Funds-Axis Limited’s EMT solution, now updated to comply with the upcoming UK consumer duty regime. Learn how our expertise in investment compliance and regulatory technology can help you navigate this change and avoid non-compliance. Contact us today to find out more.
In July 2021, the FCA consulted (in CP21/23) on proposals to address the most serious and persistent concerns regarding the onshored PRIIPs regulation.
With the publication of the updated European PRIIPs Template (EPT) for consultation, FinDatEx are now in the final stages of revising their European PRIIPs template (EPT) used extensively throughout the industry. EPT 2.0 is now under public consultation until 22 November 2021.
Of all the new regulations we have seen over the last few years, few have raised as many concerns, or have been as controversial and polarising as the KID requirements under the regulation for Packaged Retail and Insurance-based Investment Products (PRIIPs).
In an attempt to address many of the concerns raised over the years, the FCA have published a consultation setting out their proposals to change disclosure documents provided to retail investors under the PRIIPs regulation.
UCITS IV requires UCITS to make an updated KIID available to investors for each sub-fund/standalone fund within 35 business days of 31 December each year. With the deadline fast approaching (19th February 2021) we thought we would take a brief look at some of the key requirements of the UCITS KIID.
