meta_id 3291212

On July 2, 2026, the Financial Conduct Authority (FCA) opened a consultation on simplifying disclosure requirements for consumer investments. The consultation proposes aligning cost disclosure requirements derived from the Markets in Financial Instruments Directive (MiFID) with the FCA's Consumer Composite Investments (CCI) regime, consolidating disclosure rules across MiFID, the Insurance Distribution Directive (IDD), and non-MiFID investment business. The FCA aims to create an investment culture where consumers have access to clear, balanced information about investment costs and charges, enabling them to make informed decisions. The proposals respond to evidence indicating that consumers rarely read investment disclosure documents and struggle to understand them when they do. By simplifying and consolidating requirements, the FCA seeks to improve consumer comprehension and confidence in investing. The consultation applies to firms carrying out MiFID or equivalent third-country business, firms engaged in insurance distribution activities, and firms carrying out other designated investment business. The proposals are also relevant to industry groups, trade bodies, consumers, consumer groups, and manufacturers of CCIs and other investments. The comment period closes on August 21, 2026. Responses can be submitted via the FCA's online response form or by emailing [email protected]. The FCA intends to publish a policy statement with final rules by the end of 2026. This consultation fulfils a commitment made in the FCA's December 2025 policy statement PS25/20, which introduced final rules for the new CCI disclosure regime. **Reference:** Financial Conduct Authority, CP26/24: Simplifying consumer investment disclosures, July 2, 2026, available at: https://www.fca.org.uk/publication/consultation/cp26-24.html