FSA delays final rules on platforms until 2013

The regulator said in June it intended to give groups over a year to prepare for rule changes around the way they operate by releasing the final rules for platforms this year. In its Consultation Paper 12/12, entitled Payments to platform service providers and cash rebates from providers to consumers, it said: "The FSA plans to publish its finalised rules on platforms before the end of 2012, allowing platforms over a year to implement the necessary changes to their business models before the rules come into effect on the proposed date of 31 December 2013." However, Investment Week has...