The UK FCA plans to simplify retail investment rules, allowing high net worth individuals to choose higher risk products The Financial Conduct Authority (FCA) in the UK announced that it will adjust retail investment rules to lower investment thresholds and promote greater participation of UK residents in the capital market. Policies include: Cancel complex information files: Investment institutions no longer need to provide "Key Information Files (KIDs)" to retail investors, and replace them with more concise "Product Summary". Wealthy individuals may voluntarily withdraw from retail investor protection: individuals with assets of £ 10 million or investment experience may choose to be considered professional investors and invest in higher risk products, but are no longer subject to FCA consumer protection obligations. Encourage retail investors to invest in the market: The investment rate of British households is lower than other countries, and the government is pushing residents to invest more savings in the market, including recently reducing the annual ISA tax exemption limit to £ 12000.