FG15/1 - Retail investment advice: Clarifying the boundaries and exploring the barriers to market development

Published: 22/01/2015     Last Modified: 03/02/2015

Between July and October 2014 we consulted on Guidance (GC14/3) on how firms should interpret the boundaries of advice. We have considered the responses and are now publishing Finalised Guidance along with a summary of the feedback received.

Our guidance helps to clarify the different types of retail investment sales models, the boundaries between them and the associated regulatory requirements. The guidance:

  • Clarifies the regulatory framework in respect of different types of investments sales model.
  • Provides detailed examples and our view on whether they amount to a personal recommendation or not.
  • Explores specific issues in this area that our stakeholders have raised with us.

FG15/1 - Retail investment advice: Clarifying the boundaries and exploring the barriers to market development

FG15/1 - Summary of feedback received

For queries relating to this guidance please contact Gary Brown or Richard Taylor.

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