FSA delays final rules on platforms until 2013

The Financial Services Authority(FSA) is planning to delay the release of the final rules for platforms until early 2013, Investment Week can reveal.

The regulator said in June it intended to give groups over a year to prepare for rule changes around the way they operate by releasing the final rules for platforms this year. In its Consultation Paper 12/12, entitled Payments to platform service providers and cash rebates from providers to consumers, it said: "The FSA plans to publish its finalised rules on platforms before the end of 2012, allowing platforms over a year to implement the necessary changes to their business models before the rules come into effect on the proposed date of 31 December 2013." However, Investment Week has...