There is consensus among the Treasury, industry, and the Financial Conduct Authority that there are problems within the Packaged Retail and Insurance-based Investment Products (PRIIPS) regime in addition to a wider problem with cost disclosures. Such an example can be found with investment companies, where EU- derived regulation, since removed by the EU and other international jurisdictions, disadvantages these British companies in the global marketplace. The Sub- Committee supports the efforts being made to correct these issues and has written to the Chancellor. We welcome the draft statutory instrument on PRIIPS and look forward to the forthcoming statutory instrument on the Markets in Financial Instruments Directive (MiFID). (Paragraph 49) Overarching Sub-Committee conclusions