FCA calls a halt to ongoing commission on retail products

FCA sees end to commission

Members of the UK structured products industry that pay or profit from commission resulting from deals drawn up before 2013 will have to rework their contracts by April, following new guidance issued by the Financial Conduct Authority (FCA).

The regulator published finalised guidance on January 16 that aims to clarify rules set out in a consultation exercise on Supervising retail investment advice: inducements and conflicts of interest, which followed the introduction of the Retail Distribution

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