Unbundling the U.K.’s New Rules on Brokerage Fees
The Financial Conduct Authority’s July review of commissions transparency represents progress. But the future of unbundling remains hazy.
Rob Boardman
December 17, 2025
A logo sits on a sign in the reception area of the headquarters of the Financial Conduct Authority (FCA) in the Canary Wharf business district in London, U.K., on Thursday, Nov. 21, 2013. The FCA is working with regulators including the U.S. Department of Justice and the Commodity Futures Trading Commission to investigate the potential manipulation of the foreign-exchange market. Photographer: Chris Ratcliffe/Bloomberg
Chris Ratcliffe/Bloomberg
