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ARTICLE · 23 OCTOBER 2012

RDR In The UK And Its Impact On Irish Fund Clients

Arthur Cox
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This briefing note outlines the key regulatory changes proposed by the FSA in the UK which changes the way retail investment products are distributed to retail clients in the UK and how this may affect Irish fund clients.

IrelandFinance and Banking
Arthur Cox
Arthur Cox
Kevin Murphy
Kevin Murphy
Dara Harrington
Dara Harrington
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This briefing note outlines the key regulatory changes proposed by the Financial Services Authority ("FSA") in the UK which changes the way retail investment products are distributed to retail clients in the UK and how this may affect Irish fund clients.

The Retail Distribution Review ("RDR") conducted by the FSA has led to the introduction of new rules which are intended to ensure that firms compete upon the basis of the services they provide to clients and not by reference to the deals they may have in place with product providers. These rules are relevant to those Irish funds which distribute units or shares of UCITS funds through UK firms.

The changes contemplated by RDR are to take effect by 31 December 2012 and will have a significant impact on the provision of investment advice and payment for that advice for retail clients in the UK. The new rules aim to ensure consumers have trust and confidence in the advice they receive and that advisers are not simply

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