D-day for CP205 implementation

July 1 marked the official start date for implementation of CP205, the FSA’s consultative paper covering conflicts of interest in the production of investment research. Regulated firms will now have to develop and publish policies to ensure that research analysts do not compromise their objectivity.

Firms will be required to clarify which of the material it produces it considers to be objective research. Measures to ensure analysts’ impartiality will have to be clearly set out in a policy

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