'PROD' - What is the regulation dividing the adviser platform market?

First in a new series

Tom Ellis
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Terry Huddart: "The main split [in interpretations] seems to be around whether platforms think the platform itself, as opposed to the investments distributed through it, is covered by PROD,"
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Terry Huddart: "The main split [in interpretations] seems to be around whether platforms think the platform itself, as opposed to the investments distributed through it, is covered by PROD,"

PA has once again teamed up with the lang cat for an in-depth look into a lesser-known part of the platform market. This time, Tom Ellis's focus is the FCA's 'PROD' rules and, here, he looks at why they are dividing the platform market

To gather the necessary information for this series, Professional Adviser, with the help of platform consultancy the lang cat, sent a detailed questionnaire centred around PROD to the 17 biggest adviser...

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