Kirsty McAllister-Jones

As of 6 April 2026, the new UK Consumer Composite Investments (CCI) regime has replaced the old PRIIPs framework. The CCI regime consists primarily of the Consumer Composite Investments (Designated Activities) Regulations 2024 and the FCA's new Product Disclosure sourcebook (DISC), which together establish rules for the manufacture and distribution of consumer composite investments (CCIs).

On 20 February 2026, the European Securities and Markets Authority (ESMA) published a supervisory briefing setting out its expectations on how firms should comply with and report on the EU EMIR active account requirement (AAR).

On 6 February 2026, EU Regulation 2026/305 was published in the Official Journal of the EU. The Regulation contains technical standards detailing how market participants must comply with the EMIR 3 active account requirement (AAR) and related operational and reporting requirements. The EU EMIR provisions that the Regulation supplements are summarised in the Annex. The technical standards are aligned with ESMA's proposals (as amended), with no substantive changes.