US EditionPIMFA responds to FCA’s new Consumer Composite Investments consultation
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FCA sets out further CCI consultation on fee simplification
The FCA has set out a further Consumer Composite Investment (CCI) consultation, aimed at simplifying rules around fee disclosures. Among the key points of the second consultation, the regulator is consulting on removing the requirement for firms to calculate and disclose implicit transaction costs. The regulator said the move would remove a “significant compliance requirement” for firms, while ensuring that consumers are still provided with the …
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