FSA proposes watchdog role on soft commissions

The Financial Services Authority has proposed that expert watchdogs should act on behalf of retail investors to monitor investment managers' compliance with new rules on soft commissions.

Under a new regime starting next January, fund managers must disclose any arrangement under which they receive goods or services from third parties such as brokers whose costs, typically dealing commissions, are paid by funds and ultimately their investors.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions