FSA set to scrap end-2013 implementation deadline for platforms

The FSA is preparing to extend the deadline for platforms to implement its proposed changes to the industry beyond the current target date of 31 December 2013, Investment Week understands.

Investment Week revealed last week the regulator is set to delay its final rules for platforms until Q1 2013, having previously said it would publish finalised regulations by the end of this year. That suggests the final implementation date is likely to be pushed into 2014. A spokeswoman for the FSA said the regulator intended to give platforms a 12-month window in which to implement its proposed changes, irrespective of when the rules are published. "We would aim to give firms at least a year to implement. The [previously stated] times were always subject to change," a spokeswoman sa...