The platform policy paper will be published on Monday, the FSA said today.
It was due to be published this morning but a spokesperson from the regulator said it has been pushed back to next week. The delay has been caused by the large amount of rule changes needed to be made to the handbook following yesterday's board meeting. Publication of the eagerly anticipated paper has already been delayed from Q2 to Q3. The paper will set out final rules on cash rebates, fund manager rebates, capital adequacy requirements, platform due diligence and re-registration.
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
