PIMFA response to FCA PS17/25: Consultation on retiring guidance which will be superseded by MiFID II

PIMFA's response to FCA's PS17/25: Consultation on retiring guidance which will be superseded by MiFID II, where we state that, while we appreciate that the COBS 2.3.15G table of “reasonable non-monetary benefits” is no longer available for firms subject to COBS 2.3A, 6.1A or 6.1B to use, we would ask the FCA to consider whether some of the material contained in FG14/1 might be re-purposed to inform firms’ arrangements for compliance with the “acceptable minor non-monetary benefits” requirements in COBS 2.3A.19R(5).