The FSA now intends to publish its long-awaited final platform paper in Q2 2013, having originally planned to release final rules by the end of last year.
IFAonline's sister title Investment Week revealed last December the regulator had postponed its policy statement until early 2013 as it considered the tax implications of its plan to permit unit rebates but ban cash rebates.
But the committee overseeing the drawing up of the rules is now expected to meet on the third Thursday in Q2 (18 April), with the policy statement being published the next day or the following Monday.
It is likely that platforms will still be given 12 months to implement the proposed changes, meaning a deadline of end-April 2014 for the industry to adapt to what some have termed 'RDR 2'.
"We would aim to give firms at least a year to implement. The [previously stated] times were always subject to change," a spokeswoman for the FSA said back in December.
First mentioned in Cridland Report
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