Law360, Expert analysis: The UK Financial Conduct Authority (FCA) is planning to lift its ban on asset managers making joint or so-called bundled payments to broker-dealers for third-party investment research and execution services. The change is being fast-tracked and is likely to come into force in the second half of 2024. This article by Richard Frase, partner, and Simon Wright, counsel, at Dechert LLP describes how the FCA's original prohibition on bundling has gradually been called into question, its decision in April 2024 to reintroduce a bundling option, and what that new option will look like.
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