FCA finalizes changes to rules on Investment Research

Despite some adjustments to the proposed guardrails, the FCA has largely retained its original approach.

The FCA recently published its final rules on payment optionality for investment research (PS24/9). It consulted on these changes in April 2024 (see this Latham blog post), proposing to introduce additional optionality for buy-side firms by permitting them to use bundled payments for research and execution services.

However, the FCA

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