Group business exempt from commission disclosure - FSA

However the regulator is to do further work on transparency and disclosure for commercial markets in the new year. In its final rules on remuneration for pure protection sales under the conduct of business sourcebook (COBS), published today, the FSA says: "We can confirm that commercial business is excluded from the requirement for disclosure for pure protection services associated with investment advice, as the rules apply to firms' dealings with consumers, rather than commercial customers." The regulator examined the issue of commission disclosure for commercial customers in 2008 an...