DP22/6 published
13/12/2022
Discussion period ends
07/03/2023
07/03/2023
DP22/6: Future Disclosure Framework
The way consumers buy retail investments is evolving. Give your views on how we prepare retail disclosure for the future.
The distribution of retail investments has changed in recent years, with a growing trend towards online investment and the digital distribution of disclosure. However, most disclosure regulations were designed for advised sales and paper-based disclosure and a review of retail disclosure is now needed to help financial services be fit for the future.
Who will be interested in this discussion
- investors and consumer organisations
- those who manufacture non-PRIIP packaged products, PRIIPs, UCITS and certain non-UCITS retail schemes (NURS) and those who advise on or distribute non-PRIIP packaged products, PRIIPs, UCITS and such NURS, including:
- issuers of securities that are or may be classed as PRIIPs (including businesses that do not require Part 4A authorisation under FSMA)
- life companies and discretionary investment management firms
- firms providing services in relation to insurance-based investments
- fund managers, including overseas fund managers, wealth managers and financial advisers
- stockbrokers and other firms that provide advice to retail clients on funds and overseas funds
- issuers of structured products and derivatives
- firms operating retail distribution platforms
Respond to this discussion paper
We are asking for comments on this discussion paper by 7 March 2023. Your responses are non-confidential unless you request that they are not shared.
Send responses via this online form or by email.
What happens next
The discussion period ends on 7 March 2023. After considering the responses, we will issue a Feedback Statement.