Tuesday, 26 November 2013

UK: FCA consults on changes to its rules and guidance concerning the use of dealing commission

The Financial Conduct Authority has published a consultation paper setting out proposed changes to the use of dealing commission rules in the Conduct of Business Sourcebook (COBS 11.6): see here (pdf). The FCA is proposing, amongst other things, that investment managers should not pay for corporate access with dealing commissions. Further information is available here.

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