The Consumer Composite Investments (Designated Activities) Regulations 2024
These Regulations designate activities in relation to consumer composite investments (“CCIs”) for the purposes of the Financial Services and Markets Act 2000 (c. 8) (“FSMA 2000”) (see Part 5A of FSMA 2000), replacing assimilated law revoked by section 1(1) of, and Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29) relating to packaged retail and insurance-based investment products (“PRIIPs”). The legislation being replaced (“PRIIPs legislation”) includes:the Packaged Retail and Insurance-based Investment Products Regulations 2017;Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (“PRIIPs Regulation”);Commission Delegated Regulation (EU) 2016/1904 of 14 July 2016 supplementing Regulation (EU) No 1286/2014 of the European Parliament and of the Council with regard to product intervention;Commission Delegated Regulation (EU) 2017/653 of 8 March 2017 supplementing Regulation (EU) No 1286/2014 of the European Parliament and of the Council on key information documents for packaged retail and insurance-based investment products (PRIIPs) by laying down regulatory technical standards with regard to the presentation, content, review and revision of key information documents and the conditions for fulfilling the requirement to provide such documents.