FCA to change PRIIPs regulation by diverging from EU

By Neasa MacErlean

TheFCA is to diverge from European Union regulation on PRIIPs (Packaged Retail andInsurance-based Investment Products) by clarifying the UK scope of the rulesand amending the relevant Regulatory Technical Standards. The final changes areexpected to be made by the end of the year, coming into force on 1 January2022. Submissions to the consultationpaper are requested by 30 September.