FCA consults on cost disclosures for Consumer Composite Investment rules

The FCA has begun its second, and concluding, consultation process for the new Consumer Composite Investment (CCI) regime, which looks likely to be initiated for all firms in 2026.

By Neasa MacErlean

The proposed rules will apply to manufacturers and distributors of investments such as funds in which returns are dependent on the performance of, or changes in, the value of indirect investments. The second consultation covers two areas of cost disclosure - removing the current requirement to disclose implicit transaction costs, as well as simplifying overall cost disclosures by aligning them to the new CCI regime.