Regulatory update: FCA finalises Consumer Composite Investments (CCI) Regime
The Financial Conduct Authority (FCA) has now published its Policy Statement (PS25/20) confirming the final rules for the UK Consumer Composite Investments (CCI) regime.
CCI will replace the UK PRIIPs framework. This is more than regulatory change, it is a structural redesign of the UK retail disclosure landscape, with a fundamental shift in how retail investment disclosures are designed, calculated and delivered in the UK.
Key timeline
- Dec 2024 / Apr 2025: FCA consulted on the CCI regime.
- 8 Dec 2025: FCA published final rules (PS25/20).
- 6 Apr 2026 – 7 Jun 2027: Transitional period (firms can continue with existing documents or move early).
- 8 Jun 2027: CCI regime go-live (full compliance required).
While implementation is not required until June 2027, firms should not underestimate the scale of operational and methodological change required.
What is changing ?
- Greater flexibility in disclosure design
- Revised performance methodologies
- Enhanced consumer focus
- Scope and product coverage
What is the operational impact for firms?
- Workflow reassessment: PRIIPs-driven production models may need a redesign to support greater flexibility.
- Methodology and data review: Performance calculations, cost metrics and risk indicators will need to be recalibrated.
- Technology updates: Automation tools may need enhancement to accommodate revised structures and logic.
- Governance and controls: Increased responsibility for oversight and documentation of methodology choices.
- Client Communication: Clear transition planning and messaging will be essential.
Firms that treat CCI as a late-stage compliance exercise risk operational strain and rushed implementation. Engaging early will support this transition.
How can Addition Compliance help?
We can support your CCI reporting requirements.
Regulatory reporting is what we do. Find out more or get in touch.
Read the full FCA Policy Statement (PS25/20) here.
