31 December 2011

CII Policy Briefing: RDR - Update on Preparing for Implementation

With the Retail Distribution Review scheduled to take effect in January 2013, the FSA has published several consultation papers and other policy documents in the latter half of 2011. This briefing summarises recent developments.

Developments include:

• statistics: progress towards the RDR professionalism requirements,
• FSA thinking on RDR Post-Implementation Review,
• waiver of Professional Requirements for Exceptional Circumstances, and
• a speech by Linda Woodall at the PFS Conference providing an overview of the FSA’s activities in the run-up to implementation.

 Next Steps

• Q1-2012: RDR Accredited Bodies: Feedback Statement to CP11/24 on ICAEW and PMI.
• RDR Adviser Charging and Legacy Assets: Policy Statement to CP11/25.
• RDR Adviser Charging and Solvency II Disclosures: Policy Statement to CP11/26.
• Final guidance on Simplified Advice, further to Guidance Consultation.
• European Commission publishes proposal on Packaged Retail Investment Products (PRIPs).

Policy Briefing

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