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.
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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