On May 9, 2025, the UK FCA published Policy Statement PS25/4, introducing changes to the way UK fund managers may pay for investment research. The new rules allow for a joint payment option for research and execution services, subject to a series of “guardrails.”
These changes are in response to the 2023previously
Free Trial
Register for free to keep reading.
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Regular podcasts from trusted external experts
- Fresh compliance and regulatory content every day
