'PROD' - What is the regulation dividing the adviser platform market?

To gather the necessary information for this series, Professional Adviser, with the help of platform consultancy the lang cat, sent a detailed questionnaire centred around PROD to the 17 biggest adviser platforms in order to ascertain how they are interpreting and reacting to these still largely unknown rules. In the end, only three of the platforms chose not to complete and return our survey. 'PROD' - the short-hand term for product intervention and product governance - was introduced alongside the second iteration of the Markets in Financial Instruments Directive (MiFID II) in January ...