Resources featuring Lewis Davison

Preparing for what’s next in UK Retail Disclosures

ESMA’s funds reporting revolution: what asset managers need to know

For investment funds in Europe, the next three to five years will fundamentally reshape the supervisory reporting framework. ESMA’s final report on the integrated collection of funds’ data, published 4th May 2026, sets out the vision for a single, EU-wide framework, covering all UCITS, AIFs, and money market funds. The goal is “report once, use […]

CCI product summary template overview

Lewis Davison from Confluence will take you through the key design principles and elements of our CCI product summary template.

Testing, testing – CCI and the Consumer Duty

Intro The introduction of the UK Consumer Composite Investments (CCI) framework via PS25/20 represents a step-change in the design and delivery of fund disclosures. Gone are the rigid, regulatory-prescribed formats of old, in favour of a more flexible approach enabling asset managers, insurers and other in-scope product manufacturers to better tailor information delivery to end […]

Transparency, enforcement, and what’s ahead

Closing out 2025: A year of transition, transparency, and transformation

As 2025 draws to a close, the regulatory landscape for global asset managers has continued to evolve. From shifting disclosure regimes to heightened expectations on governance, liquidity, and transparency, this year has marked a notable turning point in how firms operate, report, and manage regulatory obligations. At Confluence® Technologies, we’ve followed the major developments closely—from the […]

FCA publishes final CCI rules

Almost a year since the initial consultation paper (CP24/30), and several months after the subsequent consultation paper (CP25/9), the FCA’s final Consumer Composite Investments (CCI) rules arrived via Policy Statement (PS25/20) on 8 December 2025. This starts the timer on a crucial shift in UK retail investment disclosures. There are many positive developments here that both simplify […]

SFDR review: Level 1 text published

From settlement speeds to strategic supervision: Regulation in transition

Introduction November’s regulatory developments reflect a continued recalibration of global supervision—faster markets, evolving consumer protections, and continuing regulatory attention on operational resilience. Europe is preparing for a move to T+1 settlement, expected to enhance efficiency but likely to test readiness across post-trade processes. In the UK, the FCA is refining both its MiFID organizational rules and the […]

Navigating the regulatory crossroads: Why increasing divergence matters for investment funds

Introduction In a time of rapid regulatory change, investment managers face a shifting landscape. As highlighted in a recent article by Funds Europe, our own Lewis Davison explores how the widening divergence in regulatory approaches across Washington, Brussels, and London is influencing funds’ structure, domicile, and investor reach. (Funds Europe) At Confluence, we believe recognising […]

Regulation in motion: Preparing for disclosure, oversight, and data-led supervision

Explore our RegTech Reports. Your trusted source for essential insights into regulatory technology and industry updates. This curated collection of reports, blogs, and video series covers a wide range of topics, from upcoming regulatory changes to the latest technological advancements, helping you navigate the complexities of compliance with confidence.

Global compliance moves in focus: From FCA signals to AI and beyond

Explore our RegTech Reports. Your trusted source for essential insights into regulatory technology and industry updates. This curated collection of reports, blogs, and video series covers a wide range of topics, from upcoming regulatory changes to the latest technological advancements, helping you navigate the complexities of compliance with confidence.

Regulatory reform in focus: Preparing for the next wave of simplification

Explore our RegTech Reports. Your trusted source for essential insights into regulatory technology and industry updates. This curated collection of reports, blogs, and video series covers a wide range of topics, from upcoming regulatory changes to the latest technological advancements, helping you navigate the complexities of compliance with confidence.

FCA to review the consumer duty: What it could mean for asset managers

In her Mansion House speech on 15 July 2025, Chancellor Rachel Reeves announced that the Financial Conduct Authority (FCA) will carry out a targeted review of the Consumer Duty, introduced in 2023. The review will focus specifically on its impact on wholesale firms and the application of obligations to professional client relationships. This initiative is […]

From AI audits to accelerated pace of regulatory change

Explore our RegTech Reports. Your trusted source for essential insights into regulatory technology and industry updates. This curated collection of reports, blogs, and video series covers a wide range of topics, from upcoming regulatory changes to the latest technological advancements, helping you navigate the complexities of compliance with confidence.

Policy in flux: Where regulation stalls, accelerates, and evolves

Explore our RegTech Reports. Your trusted source for essential insights into regulatory technology and industry updates. This curated collection of reports, blogs, and video series covers a wide range of topics, from upcoming regulatory changes to the latest technological advancements, helping you navigate the complexities of compliance with confidence.

FCA proposes key simplifications under CCI framework in latest consultation (CP25/9)

On 16 April 2025, the FCA published a subsequent consultation (to CP24/30) on certain specific provisions under the incoming CCI framework (CP 25/9), which runs through to 28 May 2025. Within the same update, the FCA indicates that it expects to publish the final rules via a policy statement in late 2025. As such, if we […]

Redefining retail disclosures

The framework applies to a wide range of investment products, including:

• Open-ended funds (e.g. PRIIPs, UCITS, NURS, non-PRIIP packaged funds (excluding pensions)
• Closed-ended funds (e.g. Investment Companies, VCTs)
• Insurance-based Investment Products (IBIPs)
• Structured Products
• Contracts for Difference (CFDs)
• Derivatives & other complex investments
• Both product manufacturers and distributors are also within scope

SFDR in 2025: fixes, challenges, and what’s next

It doesn’t feel like five minutes have passed since the EU’s Sustainable Finance Disclosure Regulation (SFDR) first became applicable, particularly the product-level disclosures that took effect in January 2023. Expected changes to this framework should be finalized in 2025. Meanwhile, the UK’s ‘Sustainability Disclosure Requirements’ (SDR) framework has taken a different approach to disclosures. Despite […]