Depolarisation will start on December 1st this year with a six month transitional period, says the FSA.
The regulator will be publishing final rules on depolarisation on December 1st, the date when the regime is also scheduled to begin.
Firms will have six months – until June 1st – to implement depolarisation.
Money Marketing revealed earlier this month that depolarisation is likely to take place in December, a month earlier than the market has been expecting.
FSA press officer Ruth Excell says: “Depolarisation is expected to start on December 1st, all things being equal. There are a lot of hurdles to jump before then but this is the date we have chosen.”