PROD 2.15 Temporary intervention rules for DAR persons – consumer composite investments

In deciding whether a rule for unauthorised persons made under regulation 6 of the Consumer Composite Investments Regulations should be made as a temporary product intervention rule, the FCA's main consideration will generally be whether prompt action is deemed necessary in seeking to reduce or prevent consumer detriment arising from the relevant consumer composite investment, or consumer composite investments of a similar type or with similar features to the relevant consumer composite investment, and any practices relating to them.

Together with the consideration in PROD 2.15.1G, the FCA will also take into account the considerations in PROD 2.6 to PROD 2.9 (except PROD 2.8.2G) when making temporary product intervention rules for unauthorised persons under the Consumer Composite Investments Regulations.

The FCA will follow the processes and steps outlined in PROD 2.10 to PROD 2.14 when making temporary product intervention rules for unauthorised persons under the Consumer Composite Investments Regulations.