Update on the Retail Distribution Review
General status update as at December 2019
In November 2014 the then Financial Services Board published the initial Retail Distribution Review (RDR) discussion document which contained several proposals on regulatory review. The aim of RDR is to ensure that customers are treated fairly in line with the TCF principles.
The proposals contained in the discussion document are implemented in a phased manner. The RDR - General status update as at December 2019 which was published by the FSCA provides the current status of all the regulatory proposals. According to the aforementioned RDR update, final regulatory instruments were published and is in operation in relation to the proposals indicated in the table below. The status of the remainder of the proposals varies from little progress being made to the regulatory instrument being in the final stages.
During December the FSCA also published the following discussion documents:
The aim om these discussion documents is to provide an update on the particular matter, give an update of the progress made, in certain circumstances, invite stakeholders to comment and provide their view on the subject and in general to relay the FSCA’s “thinking” on the topic and practical implications.