FCA is consulting on removing certain disclosure requirements from its Handbook. It thinks the requirements are not effective in terms of informing customers about a product or service. The consultation proposes amendments in relation to the following disclosures:
- the Consumer-Friendly Principles and Practices of Financial Management (CFPPFM);
- short report;
- the Initial Disclosure Document (IDD)/ Combined Initial Disclosure Document (CIDD); and
- the Combined Initial Disclosure Document (CIDD)/ Services and Costs Disclosure Document (SCDD).
Consultation closes on 18 December. (Source: FCA CP15/32: Handbook Disclosure Requirements)