THE UK’S FUND managers, brokers and pension funds are becoming increasingly concerned about the opinions of the UK’s Financial Services Authority as a deadline set by the regulator looms closer.
The FSA’s December cut-off for the industry to have shown progress towards greater transparency and disclosure in execution services and research, and for the emergence of a truly competitive marketplace for research, is fast approaching. The FSA has threatened to respond to poor performance by imposing regulation.
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