Before revision: The FCA (UK), have implemented the "treating customers fairly" URL with wide ranging reforms such as the Retail Distribution URL gradually banning "kickbacks" whereby providers of investment management services reward "independent" advisers who place their products.
After revision: The FCA (UK), have implemented the "treating customers fairly" policy, with wide ranging reforms such as the Retail Distribution Review, gradually banning "kickbacks" whereby providers of investment management services reward "independent" advisers who place their products.