Financial services lobby group TISA has vowed to bring clarity to what the incoming European legislation Markets in Financial Instruments Directive (MiFID II) will mean for advisers and providers.
A new association for directly authorised advisers said it hopes to bridge the advice gap by introducing a type of service for which commission-like payment will be possible.
Advisers could be forced to collect and share client information on non-advised business with providers under new rules mooted by the Financial Conduct Authority (FCA).
The Financial Conduct Authority (FCA) has asked UK financial advisers if they think the criteria they must meet to call themselves independent is out of sync with Europe-wide definitions.
The Financial Conduct Authority (FCA) could be required under Europe-wide rules to force all financial advisers to record client telephone calls to prove they are acting in clients' best interests.
The European Securities and Markets Authority (ESMA) has released its final technical advice on the implementation of MiFID II, covering the use of dealing commission, derivatives, and high frequency trading.
The FSA's proposed 'sales advice' category has been described as 'problematic' by the Financial Services Consumer Panel (FSCP).
AIFA has today called on the FSA to provide clarity to intermediary firms on the greater use of guidance in place of rules-based regulation.
The Association of IFAs (AIFA) has pledged to ensure the "IFA voice is heard" on all European Commission (EC) regulatory proposals.