FSA plans COB changes

A new Conduct of Business Sourcebook (COBS) will replace the current COB sourcebook and Electronic Commerce Directive sourcebook, featuring a full set of new COBS rules. Having published the main feedback from the Conduct of Business (COB) review in a Policy Statement on May 31, Reforming COB regulation, the FSA realised that these COBS rules did not take MiFID requirements into account. The final set of new COBS rules available from November 1 will be made up of rules from a series of Policy Statements, including Reforming COB regulation and Conduct of Business regime: non-MiFID deferred...