On 26 July 2024, the UK Financial Conduct Authority (FCA) published a policy statement (PS24/9) on payment optionality for investment research (the Policy Statement).

The Policy Statement sets out the FCA’s final rules (the Final Rules) for its proposed new option to pay for investment research, following publication of its consultation paper (CP 24/7) on this topic on 10 April 2024 (the Consultation Paper). For a brief discussion of the Consultation Paper, see our May 2024 Update.

This Sidley Update discusses the Final Rules and the likely implications of these for UK asset managers.

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