Tisa calls for tighter control of DIFs

An independent report commissioned by Tisa said some firms need to introduce new checks and balances in order to address the potential for bias and "inherent" conflicts of interests when operating DIFs. The report follows Tisa's establishment of an executive committee to review the market on the back of FSA concerns. Although the report said issues arising from Difs can be addressed within the existing regulatory framework, it also said in some cases distribution firms will need to modify their processes and arrangements or introduce new systems and controls. Subject to various che...