What is a Consumer Composite Investment?

Understand the fundamentals of the new UK CCI framework

The UK’s new Consumer Composite Investments (CCI) regime establishes a single retail disclosure framework that replaces the UK Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation and the UCITS disclosure requirements that were carried over from EU law. It introduces a UK‑specific, outcomes‑focused product information regime for investments whose returns depend on underlying or reference assets, with the aim of providing clearer, more engaging and comparable information to UK retail investors than under the previous PRIIPs KID and UCITS KIID models.

Out of Scope

Open-ended funds (e.g., unit trusts and OEICs, whether regulated under UCITS 5 or AIFMD)

Exchange Traded Funds (ETFs)

UK domiciled funds (e.g., UK Investment Trusts and venture capital trusts)

Structured deposits

Contracts for difference (CFDs)

Insurance-linked investment products (IBIPs) (with the exception of certain pension schemes and holloway sickness policies)

Other complex products such as derivatives

A security which embeds a derivative, or includes features making it difficult for retail investors to understand the risks of the contract

A cash security with certain features

A security issued by a fund, or rights to or interests in such a security

A right to or interest in an investment that is a non-readily realisable investment fund

Out of Scope

Pensions schemes (occupational, personal and stakeholder)

Investments not including structured deposits

Non-derivative contracts

Certain insurance contracts, where benefits are only payable on death or incapacity

Non-equity transferable securities issued by governments, central banks, local or regional authorities, authorised by any country or territory

Bonds (including the Euro Interbank Offered Rate [EURIBOR]) and similar Interbank Offered Rates

Authorised Contractual Schemes (ACS)

Qualified Investor Schemes (QIS)

From 6 April 2026, you could transition to UK CCI, ahead of the regime becoming mandatory on 8 June 2027. While that timeline may look generous on paper, the most forward‑thinking firms are already acting, using the transition window to test, refine and embed their new disclosure approach well before the rules bite.

FE fundinfo remains at the forefront of regulatory change, and our intelligent regulatory infrastructure is designed to align with the evolving UK CCI framework and the broader shift away from the legacy PRIIPs and UCITS KIID regime. Instead of treating CCI as a last‑minute compliance exercise, you can leverage our expertise to review and enhance your draft templates, validate that they reflect current regulatory expectations and best practice, and ensure they are robust enough to stand up to supervisory scrutiny.

Turn UK CCI into a competitive advantage rather than a compliance headache. Download our guide to UK CCI today.

UK Consumer Composite Investments (CCI) Regulations Mockup (3)

Client Briefing Guide

Navigate UK CCI Requirements

Final FCA rules mark the beginning of the end for existing UCITS and PRIIPs consumer disclosures in the UK

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