FCA

The platform paper published by the Financial Conduct Authority (FCA) this week is set to change the landscape of the platform industry in the UK, but what were the main points?

The Financial Conduct Authority (FCA) is to allow platforms to receive payments from fund managers in relation to advertising products.

The Financial Conduct Authority (FCA) today paved the way for platforms such as Hargreaves Lansdown and Standard Life to launch super clean share classes, after stating it would want to see existing deals re-created on clean fee share classes.

The FCA has moved to crack down on the potential for fund costs to rise as a result of the introduction of clean share classes.

The Financial Conduct Authority (FCA) is to permit rebates from fund managers to platforms in cash, provided it is passed on to consumers in full in the form of additional units.

The Financial Conduct Authority is to allow nominal ‘de minimis' cash rebates of £1 or less, despite outlawing the payments in all but name.

The Financial Conduct Authority (FCA) is to consult on reading across its rules on platforms to adjacent markets, such as the self-invested personal pension (SIPP) market.

The Financial Conduct Authority (FCA) is to ban cash rebates paid to consumers from platforms from April next year.

The Financial Conduct Authority (FCA) has fined EFG Private Bank (EFG) £4.2m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) controls for high risk customers.

The Financial Conduct Authority (FCA) has intervened in a test case in which the Royal Bank of Scotland (RBS) is accused of mis-selling interest rate swaps.