The FCA have published its finalised guidance on the boundaries of retail investment advice.

This work is aimed at helping firms in understanding what is, and what is not, a personal recommendation.

The FCA intend this paper to be the definitive source of information on its view on

1. the boundaries of advice for retail investment products and
2. it will take precedence over any previous non-Handbook guidance that deals with the same material, other than the Perimeter Guidance Manual.

http://bit.ly/15jPoCy

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FG15/1 – Retail investment advice: Clarifying the boundaries and exploring the barriers to market development

The guidance:

• Clarifies the regulatory framework in respect of different types of investments sales model.
• Provides detailed examples and our view on whether they amount to a personal recommendation or not.
• Explores specific issues in this area that our stakeholders have raised with us.

FG15/1 – Retail investment advice: Clarifying the boundaries and exploring the barriers to market development http://bit.ly/1CSXPQB

FG15/1 – Summary of feedback received http://bit.ly/1yQYilB