Consumer Composite Investments (CCI) reporting software
Produce compliant CCI Product Summaries and machine-readable core information for the UK's new retail disclosure regime — from one governed data source.
A new UK-specific disclosure framework,
underpinned by the Consumer Duty
The UK retail disclosure framework is changing. The Consumer Composite Investments (CCI) regime — established by the Consumer Composite Investments (Designated Activities) Regulations 2024 and the FCA's Product Disclosure sourcebook (DISC) — replaces the UK PRIIPs and UCITS disclosure regimes for products offered to UK retail investors. The prescriptive PRIIPs KID and UCITS KIID give way to a more flexible Product Summary, with the FCA's final rules set out in Policy Statement PS25/20 (8 December 2025). The shift moves the regime from rigid templates toward outcomes — pairing design freedom with standardised, comparable metrics on costs, risk and return, and past performance.
The CCI implementation timeline
An optional 18-month transition gives firms time to move from KIDs and KIIDs to Product Summaries.
Final rules published
The FCA publishes Policy Statement PS25/20, confirming the rules for the CCI regime following consultations CP24/30 and CP25/9.
Legislation in force
The CCI legislation takes effect and the UK PRIIPs Regulation is repealed. An optional transition period begins — manufacturers may produce a Product Summary or continue with existing KID/KIID disclosures.
Regime mandatory
The transition ends. Product Summaries become mandatory and PRIIPs KIDs and UCITS KIIDs can no longer be used for UK retail investors.
Flexible presentation, standardized core information
The Product Summary removes fixed templates and page limits — but the substance of the core data is fully prescribed.
In scope
- Open-ended investment funds (OEIFs), including UK UCITS and NURS
- Closed-ended investment funds (investment trusts)
- Overseas funds marketed to UK retail investors (OFR / TMPR)
- Structured products and structured deposits
- Contracts for difference (CFDs)
- Insurance-based investment products (IBIPs) and other complex products
Out of scope
- Authorized Contractual Schemes (ACS)
- Qualified Investor Schemes (QIS)
- Plain vanilla listed corporate bonds
- Pension products and pure protection contracts
- Products clearly marked as not for retail, with an appropriate distribution strategy
Which products fall within the CCI regime
Scope is set in legislation: a CCI is an investment whose returns depend on the performance of underlying or reference assets.
In scope
- Open-ended investment funds (OEIFs), including UK UCITS and NURS
- Closed-ended investment funds (investment trusts)
- Overseas funds marketed to UK retail investors (OFR / TMPR)
- Structured products and structured deposits
- Contracts for difference (CFDs)
- Insurance-based investment products (IBIPs) and other complex products
Out of scope
- Authorized Contractual Schemes (ACS)
- Qualified Investor Schemes (QIS)
- Plain vanilla listed corporate bonds
- Pension products and pure protection contracts
- Products clearly marked as not for retail, with an appropriate distribution strategy
Two outputs per CCI
Manufacturers must produce a consumer-facing summary and a machine-readable data file.
Product Summary
Provided to the retail investor before purchase and published on a publicly accessible website. Distributors have freedom in design, delivery, and additional content, provided the core information is not altered. Must be reviewed and updated at least annually, or sooner where needed to stay accurate.
Core information disclosures
Contains all the elements and data underpinning the Product Summary. Communicated to distributors and also published on a publicly accessible website, enabling consistent, comparable information across the distribution chain.
The standardised core information
Risk and Return Score (1–10)
A score from 1 to 10 based on annualised volatility intervals, using the standard deviation of up to ten consecutive years of performance data ending within 60 days of preparation. Justifiable adjustments are permitted depending on the CCI type and underlying assets.
Costs and charges
A headline Ongoing Costs Figure (OCF) shown in percentage and pounds-and-pence terms, with one-off and explicit transaction costs disclosed separately. Includes at least one illustrative example based on a £10,000 investment. Implicit transaction costs are not required.
Past performance
Up to ten years of past performance (or lifetime if shorter), net of costs with income reinvested, shown as a line graph against a relevant benchmark using monthly data points. The CCI regime reverts to traditional past performance — the PRIIPs performance scenarios are no longer required.
End-to-end CCI Product Summary production
NeoXam Impress supports the full disclosure value chain — from raw data to controlled dissemination — across UCITS, PRIIPs, and now CCI, on one platform.
Standardized calculations
Compute the Risk and Return Score, Ongoing Costs Figure, and past performance using consistent, auditable methodologies — with a full trail from source data to published figure.
Flexible, branded summaries
Compute the Risk and Return Score, Ongoing Costs Figure, and past performance using consistent, auditable methodologies — with a full trail from source data to published figure.
Both outputs, one source
Generate the consumer-facing PDF Product Summary and the machine-readable core information file from the same governed dataset, keeping the two perfectly consistent.
Governance & controlled dissemination
Validation workflows, version control, and annual-review tracking, with distribution through a white-labeled portal or automated email, SFTP, and API — including publication to a public website.
One platform across regimes
Produce CCI Product Summaries alongside UCITS, PRIIPs, and other regulatory documents — useful for firms managing both UK and EU obligations during and after the transition.
Backed by data foundations
Native integration with NeoXam DataHub ingests accounting and ABOR data so disclosures rest on a controlled single source of truth.
What is a Consumer Composite Investment (CCI)?
A CCI is a UK retail investment product whose returns depend on the performance of underlying or reference assets. The regime, set out in the Consumer Composite Investments (Designated Activities) Regulations 2024 and the FCA’s Product Disclosure sourcebook (DISC), replaces the UK PRIIPs and UCITS disclosure frameworks for products offered to UK retail investors.
What replaces the PRIIPs KID and UCITS KIID?
The CCI Product Summary. Manufacturers gain flexibility over its design and layout with no fixed template or page limit, but core information on costs, risk and return, and past performance remains standardised, using prescribed calculation methodologies.
When does the UK CCI regime take effect?
The FCA published the final rules in PS25/20 on 8 December 2025. The legislation comes into force on 6 April 2026, when an optional transition period begins. From 8 June 2027 the regime is mandatory and PRIIPs KIDs and UCITS KIIDs can no longer be used for UK retail investors.
Which disclosure documents must a manufacturer produce?
Two: a consumer-facing Product Summary (typically a PDF, provided to retail investors before purchase and published online) and a machine-readable core information file (for example CSV) supplied to distributors and also published on a publicly accessible website.
How does NeoXam Impress support CCI compliance?
NeoXam Impress automates the full CCI disclosure value chain — data ingestion, standardised calculations for the Risk and Return Score and costs, narrative editing, governance workflows, and controlled dissemination — and produces both the Product Summary and the machine-readable core information from one governed data source, consistently across UCITS, PRIIPs, and CCI.