FSA renews pressure on equity research

UK regulator the FSA has given the fund management industry the opportunity to devise its own more transparent system of client commissions. But there is an impending time limit, and a crucial area - the creation of a competitive marketplace for research - is proving a recalcitrant problem.

Paying the right amount

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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