FSA opens Mifid period for depolarisation consultation

Regulatory update

NEW YORK - The Financial Services Authority (FSA) has begun consulting on the impact of depolarisation and its disclosure documents as part of its wider consultation exercise on the Markets in Financial Instruments Directive (Mifid).

Under proposals set out in the consultation, the UK watchdog plans to keep the Menu - the document given to private customers detailing the commission firms can expect for working on the customers behalf - and the initial disclosure document (IDD) - a statement of

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