HM Treasury in conversation with FCA over PRIIPs

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HM Treasury has been meeting with the Financial Conduct Authority over elements of PRIIPs, the EU's packaged retail and insurance-based investment product regulation.  At the end of March the FCA confirmed changes to PRIIPs, which included divergences from the EU regulation. One such change was the removal of performance scenarios in a Key Information Document, to be replaced by a "narrative description of disclosure". At the time of the announcement, the FCA also noted that HM Treasury were "committed to carrying out a review of retail disclosure in the future" and said they would "w...

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