The UK's Financial Services Authority is aiming to bring the debate on the unbundling of commissions to a swift conclusion and hopes to publish new rules by the summer.

Hector Sants, managing director for wholesale and institutional markets at the FSA, told the Financial News Trading for Investors conference in London last week: "We, and indeed the industry, are keen to move as quickly as possible on this. We have a statutory obligation to publish a consultation paper, which we plan to do in March, but we would like to have a shorter consultation period than usual because the consultation has gone on so long and we now have broad agreement for our proposals."