'We will carry on lobbying to try and change the rules'

FCA Annual meeting

FCA's Sarah Pritchard made the announcment on SDR rethink

Fund aimed at advisory and discretionary clients

Up to two cuts expected before year-end

Legislation will be laid ‘as soon as possible’

Close Brothers Asset Management sold to Oaktree Capital Management

FCA mulling a four-month extension

Effective from 8 November

Extension until 2 April 2025