FSA proposes single optional Menu and IDD replacement

It says the optional document, part of the regulator’s new regime for the conduct of investment business, will combine the information contained in the Menu and Initial Disclosure Document (IDD). It adds this “would simplify investment disclosure” while continuing to give firms discretion over how the information is presented. It says it will also allow firms to comply with a number of EU disclosure requirements. It was only in November the FSA’s new conduct of business sourcebook (COBS), which said advisers could continue to give clients the Menu and IDD or develop their own material, ca...