Law firm slams FSA's voluntary compensation rules
Companies could be required to voluntarily compensate all of their customers under the new rules being brought in under the guise of the EU’s Markets in Financial Instruments Directive (MiFID), warns City law firm Reynolds Porter Chamberlain at their Financial Services seminar held today (May 17).
RPC said that MiFID, which comes into force on November 1, is being used as an excuse to rewrite the Code of Business Rules (NEWCOB) and the Dispute Resolution Rules that cover all financial services
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