The Consumer Composite Investments (Designated Activities) (Amendment) Order 2025 published

The Consumer Composite Investments (Designated Activities) (Amendment) Order 2025 has been published, accompanied by an explanatory memorandum. The Order, which enters into force on 6 April 2026, amends the Consumer Composite Investments (CCI) Regulations 2024 to provide temporary exemptions from the financial promotion and the scheme promotion restrictions of the Financial Services and Markets Act 2000. The temporary exemptions apply to the key information documents (KIDs) produced under the previous packaged retail and insurance-based investment products (PRIIPs) regime. This means that under the UK Financial Conduct Authority's (FCA) transitional provisions for the new CCI regime, firms may continue producing KID disclosure documents for the duration of the CCI transitional period. During this time, manufacturers can either continue using KIDs or comply with the new CCI product summary requirements. The CCI transitional period is due to end on 8 June 2027. However, Regulation 8A(3), inserted by the Order, sets a statutory long-stop date of 8 December 2028 for the effect of these exemptions.

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