The UK’s new CCI rules replace Priips with a principles-based framework, reshaping cost and risk calculations for structured products.

While the UK Financial Conduct Authority (FCA) aims to simplify disclosure and align with Consumer Duty, firms face a complex 18-month rollout and new challenges in risk reporting. The primary driver for the introduction of CCI is to provide a more principles-based regime that aligns with the FCA’s 2023 Consumer Duty framework In December 2025, the FCA published its final rules for its Consumer Composite Investments (CCI) regime which is coming to retail markets as a broad replacement