The FSA's platform policy paper has been delayed to Q3 as the regulator struggles to formulate final rules on controversial areas including proposals to ban cash rebates.
In the FSA's most recent Policy Development Update, the regulator said publication of the long-awaited response to November's Consultation Paper 10/29 has now been pushed back to Q3. In April, the FSA said the paper was due in Q2, with industry figures expecting it to be published in June. It means final rules may not now be published until September, giving platforms a race against time to implement what could be significant changes to their systems in time for the RDR deadline. Platforms are waiting for final rules governing cash rebates, fund manager rebates, adviser charging an...
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