Financial regulatory developments.

The article discusses the consultation paper (CP) published by the Financial Services Authority (FSA) in Great Britain. The CP confirms FSA's bans on product provider payments to platforms and all cash rebates of product charges by providers to consumers or retail investment products. The FSA ruling will be enforced on December 31, 2013 after giving an extra year for compliance. However, the FSA wishes to bring execution-only platforms within scope with extensions to non-advised platform sales. The report also includes findings from independent studies, consumer interactions, and insights on the platform's rebate bans.