FSA proposals to restrict fund managers and brokers


LONDON -- Last month’s proposals from the UK’s Financial Services Authority (FSA) would effectively curtail the extent to which brokers and fund managers can negotiate ‘soft commissions’ and ‘bundling’ services. The proposals are likely to have far-reaching consequences on the buy side.

The financial regulator proposed that "fund managers would no longer be able to incur costs for services additional to dealing without the customer’s express agreement", in a press release on April 7. The

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: