Source: FT and Bloomberg – May 21, 2014
On May 8, 2014 the UK’s financial regulator, the FCA published its decision confirming that investment managers can no longer use commissions to pay brokers for corporate access. These changes will take effect on June 2, 2014.
The final rules are in the document below – go to page 14 for the specific discussion on Corporate Access:
Source: FCA