The Financial Conduct Authority will not publish the results of its recent review into inducements, saying MiFID II, provisionally set to come into force in January 2017, will "supercede" its findings.
A spokesperson for the UK regulator said it will instead feed the results directly back to the firms involved and will continue to supervise the issue. The spokesperson added: "A focus on the culture in financial services firms remains a priority for the FCA. "We have already undertaken extensive work on inducements which we have fed back to the firms involved and we will be consulting later in the year on new rules relating to inducements as part of the introduction of European-wide regulations under MiFID II." The FCA's finalised guidance on inducements, where additional limits o...
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