Concerns linger as FSA finishes research consultation

The UK's Financial Services Authority (FSA) finalised its rules on managing conflicts of interest investment research last week. Futures and Options Association (FOA) said that although the rules were an improvement on a previous consultation document, there was ongoing concern about the definition applied to investment research.

Much of FOA's objection to FSA's CP171 was dealt with last year (see FO Week Vol 8 Nos 35/38). The rules published last week represent the culmination of a consultation process.

The remaining concern rests on the possibility of FSA-authorised...