Top 10 things to know about the UK’s new CCI regime

Following Brexit, a commitment was made to replace the UK’s retail disclosure regimes for PRIIPs and UCITS. This has now come to pass and a new regime, called the Consumer Composite Investments (CCI) regime, has taken shape. On 8 December 2025, the Financial Conduct Authority (FCA) published its Policy Statement (the PS) containing the final CCI product information rules that will underpin the regime. While the regime comes into effect this year, firms will have until 8 June 2027 to comply.

The new regime makes significant changes to the KIID/KID disclosure requirements under the UCITS and PRIIPs regimes. The key message is a move away from the rigidly templated – and some would say overly prescriptive – PRIIPs KIDs and UCITS KIIDs to a more flexible form of disclosure, that puts the emphasis on delivering information to consumers to empower them to make effective, timely, and properly informed investment decisions.

Firms will now have to stand up an implementation project focusing on the generation of a new retail disclosure document, digest new obligations and requirements, test and adjust customer journeys, engage with manufacturers and distributors up and down the product chain and undergo tech build out, all through the prism of the UK’s Consumer Duty.

We have set out some key items firms will need to consider as they start on this journey below.

If you have any questions please reach out to the contacts listed here or your usual Simmons contact.