FCA plans to replace RDR 'independence' standard

RDR definition 'too difficult' to achieve, respondents to consultation said

Tom Ellis
FCA plans to replace RDR 'independence' standard

The Financial Conduct Authority (FCA) is proposing to replace the current definition of independent advice, which is in place as a result of the Retail Distribution Review (RDR).

In a consultation document published today, the regulator said it was proposing to replace the RDR standard with the Market in Financial Instruments Directive II (MiFID II) interpretation. The new...

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