FCA plans to replace RDR 'independence' standard

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

Tom Ellis
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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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