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FSA publishes new consultation rules

The FSA has published consultation rules addressing the issue of soft commissions and bundled brokerage arrangements.
The rules, combined with proposals developed by industry, address the lack of transparency associated with soft commissions and should promote improved management of conflicts of interest.
The proposed rules confirm the FSA’s position that fund managers’ use of commission should be limited to the purchase of ‘execution’ and ‘research’ services.

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