RDR platform paper: FSA will not force platforms to widen product scope

"With regard to platforms, it is important to note there are no requirements for them to administer any particular type of investment," says the regulator today in its platform discussion paper. "This also extends to fully integrating a listed securities trading facility." The regulator acknowledges offering a wider range of investments is part of the RDR's drive to improve independence and customer service, but warns unregulated collective investment schemes are high risk. It adds making available rarely-used products will only increase costs for platforms.