The current regime for initial disclosure documents (IDD) and the Menu of commission and other charges - introduced with depolarisation last year - is to remain unchanged until at least 2008, the Financial Services Authority (FSA) has stated.
The FSA further states even if changes are introduced they will be as a result of the regulator’s planned implementation review of the depolarisation regime which will not be completed until the middle of 2007. This announcement forms part of the FSA’s response to the requirements set out in the Markets in Financial Instruments Directive (MiFID) which is due for implementation in November 2007. Entitled CP06/19: Reforming Conduct of Business Regulation and CP06/20: Reforming Financial Promotions and Other Communications the two responses also set out the FSA's proposals for new regulation...
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