The UK’s move from Priips to the more flexible CCI regime does not reduce complexity but shifts it from regulatory templates to underlying data quality and governance.

For years, Priips has been one of the most hotly debated pieces of financial regulation in Europe. Designed to help retail investors better understand investment products, many have argued that it often did the opposite. Standardised templates produced results that were technically compliant but, in many cases, confusing or even misleading. Now the UK is taking a different path. With the introduction of Consumer Composite Investments, or CCI, the UK is moving away from the current Priips framew