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The Financial Services Authority's Handbook of Rules and Guidance and the consultation and policy pa...
The Financial Services Authority's Handbook of Rules and Guidance and the consultation and policy papers that preceded them have produced many column metres of debate in the trade press.
Perhaps the single issue that has attracted and continues to attract the most attention is the issue of transparency of an intermediary's income and the use of inducements.
The issue, as we see it, has three distinct parts: the disclosure of commissions; the use of contingent commissions, profit shares, volume
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