On 21 November 2024, the Consumer Composite Investments (Designated Activities) Regulations 2024 were made and published on legislation.gov.uk, along with an explanatory memorandum.
The Regulations replace assimilated law in relation to the UK Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation, establishing a new legislative framework for the regulation of Consumer Composite Investments, formerly PRIIPs.
A draft of the Regulations was published in October 2024.
The Regulations will come into force on the day on which the revocation of the UK PRIIPs Regulation comes into force.