{
  "url": "https://openlegislation.uk/consumer-composite-investments-designated-activities-amendment-order-2025/regulation-2",
  "json_url": "https://openlegislation.uk/consumer-composite-investments-designated-activities-amendment-order-2025/regulation-2.json",
  "legislation": "uksi/2025/1347",
  "legislation_title": "The Consumer Composite Investments (Designated Activities) (Amendment) Order 2025",
  "legislation_url": "https://openlegislation.uk/consumer-composite-investments-designated-activities-amendment-order-2025",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Amendment of the Consumer Composite Investments (Designated Activities) Regulations 2024",
  "text": "(1) The Consumer Composite Investments (Designated Activities) Regulations 2024 are amended as follows.\n(2) After regulation 8 (temporary exemptions), insert—\n“Temporary exemptions for promotions previously subject to the PRIIPS Regulation\n8A (1) The financial promotion restriction and the scheme promotion restriction do not apply to any communication produced during the CCI transitional period where—\n(a) the communication is of a kind that would have been required by Article 13 of the PRIIPs Regulation as it had effect immediately before 6th April 2026, and\n(b) it complies with the requirements in the FCA CCI transitional provisions relating to that kind of communication.\n(2) For the purposes of this regulation—\n“the CCI transitional period” means the transitional period specified in the FCA CCI transitional provisions;\n“the FCA CCI transitional provisions” means the FCA rules in DISC TP2 of the Product Disclosure Sourcebook of the FCA Handbook;\n“the financial promotion restriction” means the restriction imposed by section 21(1) of FSMA 2000;\n“the scheme promotion restriction” means the restriction imposed by section 238(1) of FSMA 2000.\n(3) Paragraph (1) ceases to have effect on 8th December 2027.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2024/1198"
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "EUR 2014/1286, revoked by section 1(1) of, and Schedule 1 to the Financial Services and Markets Act 2023 (c. 29) with effect from 6th April 2026, see S.I. 2025/1078."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Section 21(1) was amended by section 27(3)(a)(i) of the Financial Guidance and Claims Act 2018 (c. 10)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2025/1347/regulation/2",
    "retrieved_at": "2026-10-28T21:08:06.568157+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}