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The Consumer Composite Investments (Designated Activities) Regulations 2024

Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Consumer Composite Investments (Designated Activities) Regulations 2024 No. 1198

Commission Delegated Regulation (EU) 2019/979

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12.  In Article 14(1) of Commission Delegated Regulation (EU) 2019/979 of 14 March 2019 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council with regard to regulatory technical standards on key financial information in the summary of a prospectus, the publication and classification of prospectuses, advertisements for securities, supplements to a prospectus, and the notification portal, and repealing Commission Delegated Regulation (EU) No 382/2014 and Commission Delegated Regulation (EU) 2016/301 (required content of advertisements to potential retail investors)(1), in point (d), for the opening words substitute “a comprehension alert which must read ‘You are about to purchase a product that is not simple and may be difficult to understand.’ where:”.

(1)

EUR 2019/979. Relevant amendments were made by the Technical Standards (Prospectus Regulation) (EU Exit) Instrument 2020/50 (Financial Conduct Authority). A copy of this instrument is available at https://www.handbook.fca.org.uk/instrument/2020/FCA_2020_50.pdf and may be obtained from the Financial Conduct Authority, 12 Endeavour Square, London E20 1JN.

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