The FCA has chosen not to publish its findings into inducement deals between providers and advisers as a result of Mifid II.
The regulator published final guidance on inducements, including payments to secure distribution and corporate hospitality, in January 2014.
Supervisory work on inducements paid to advice firms by providers and fund groups has continued since then, with a view to the FCA publishing its overall findings when it was in a position to do so.
But the FCA says it has now decided not to publish, and has chosen to give firms feedback on an individual basis instead.
An FCA spokesman says any rule changes on inducements would be superceded by Mifid II, which will introduce a new inducements regime for firms providing independent advice or portfolio management.
He adds the regulator has already published guidance for firms on inducements.
In a statement, the FCA says: “A focus on the culture in financial services firms remains a priority for the FCA.
“We have already undertaken extensive work on inducements which we have fed back to the firms involved and we will be consulting later in the year on new rules relating to inducements as part of the introduction of European-wide regulations under Mifid II.”
Mifid II comes into force in January 2017 and will ban all payments from third parties, apart from certain “minor non-monetary benefits”
In October FCA policy director David Geale said the regulator “remains concerned” that some advice firms are falling foul of inducements rules.