News Formal

UK Watchdog to Replace Confusing EU Investment Disclosure Rules

  • 📰 ftenergy
  • ⏱ Reading Time:
  • 14 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Finance News

Financial Conduct Authority,Brexit,EU Rules

The Financial Conduct Authority (FCA) will replace the EU's disclosure rules for investors in various financial products, aiming for a simpler and more flexible approach. The changes, welcomed by the City of London, are part of the FCA's review of post-Brexit EU laws. The FCA hopes the new regime will provide investors with clearer, more understandable information.

EU disclosure rules that often “confuse or overwhelm” investors in many types of investment products will be replaced under proposals by the UK financial watchdog. The Financial Conduct Authority said on Thursday it would make “significant changes” to the rules on information for investors in various kinds of financial products, such as index tracker funds, closed-end investment funds and contracts for difference.

Christian Pittard, head of investment trusts at City fund manager Abrdn, said the FCA’s consultation “has much riding on it and no time to lose”. He said 22 closed-end funds had left the sector this year and “talk of an existential crisis . . . is not an overstatement”.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK’s FCA to simplify disclosure rules for investment productsWatchdog says it will scrap regime inherited from EU that can ‘confuse or overwhelm’ investors
Source: FT - 🏆 113. / 51 Read more »