Regulatory Alerts2015-02-19
FS15/1: Discussion on the Use of Dealing Commission
The Financial Conduct Authority has published this feedback statement to address the £3 billion annual dealing commission regime used by investment managers to acquire external research. It consolidates stakeholder responses to the July 2014 discussion paper, evaluates proposed reforms aligned with MiFID II, and clarifies how firms should manage research payments and conflicts of interest. The regulator will proceed with a formal consultation on overall MiFID II implementation by late 2015, providing clearer guidance for investment managers, brokers, and institutional investors.
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