Regulatory Alerts2024-04-09
Added · Updated
PS24/9: Payment optionality for investment research
The rules introduce a new joint payment option allowing firms to pay for third-party investment research and execution services together, subject to specific guardrails including written policies, annual budget reviews, fair cost allocation, and client disclosures. This option exists alongside existing payment methods, while the rule permitting combined payments for research on companies with a market capitalisation below £200 million is deleted. Short-term trading commentary linked to trade execution is added to the list of acceptable minor non-monetary benefits. The changes come into force on 1 August 2024 and affect investment firms, market operators, asset managers, institutional investors, insurance firms, and banks providing investment services in the UK.
More like this from FCA
FCA published 5 documents in the last 30 days. We email you each new one the day it's published.