The FSA's Sheila Nicoll has hinted today's Discussion Paper on platforms will hone in on rebates, transparency of charging and action the regulator can take to aid re-registration.
In a speech to the Association of Luxembourg Funds Industry (ALFI) yesterday, the FSA's director of conduct policy says the regulator acknowledges the term 'platform' applies to a wide range of services, which are not uniform and may have different issues associated with them. In the Discussion Paper she says the FSA will discuss how it proposes to regulate platforms in the future and in particular ensure they are not used as a channel for product providers to continue paying commission to financial advisers. "Neither do we want platforms to offer incentives to move investments unnece...
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