FCA unveils new rules for retail fund platforms

Regulator estimates its new rules to govern the way the UK's retail funds are sold could mean £67m in one-off costs and £15m a year ongoing for the £300bn industry

The UK’s Financial Conduct Authority has estimated that new rules proposed by the regulator to govern the way the UK's retail funds are sold could mean £67m in one-off costs and £15m a year ongoing for the £300bn industry.

The reforms, unveiled by the FCA this morning, will mainly affect firms known as "platform providers". These are operators of retail-fund marketplaces where investors can choose between hundreds of funds provided by managers.

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