The post-implementation review of the Retail Distribution Review (RDR) is to be delayed by two years, the Financial Conduct Authority (FCA) has said.
Originally scheduled for 2017, the review of the 2012 reforms will now be combined with the Financial Advice Market Review (FAMR) in 2019. The FCA said the delay would give the market time to react to the regulatory changes from both the Financial Advice Market Review (FAMR) and European directive MiFID II. It would also allow the FCA to make "best use of its resources" and "minimise the reporting burden" on firms. When the RDR was first implemented, the regulator planned two post-implementation...
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