Association of Professional Compliance Consultants

The body for compliance consultants who advise firms regulated in the UK.

The APCC is active in enhancing the professional standards of compliance consultants and is recognised as a trade body by the FCA and other regulators. This provides our members with significant benefits in terms of direct access to the Regulators as well as business leads.  The APCC often works in conjunction with the FCA to pilot or test new initiatives, and we also provide with valuable feedback on specific subjects as requested by them.

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Home › Forums › Ask another member a question › Aggregated costs & charges disclosure › Reply To: Aggregated costs & charges disclosure

1st June 2020 at 5:55 pm #2530
AvatarVincehc3@gmail.com
Participant

Only just spotted this post – don’t know if you found an answer elsewhere but my reading is in line with the second. COBS 6.1ZA.11 refers to all costs incurred being required and the following clause refers to the same information as having to be aggregated. Maybe the reasoning is that if the fee wasn’t to be paid the client would have more to invest therefore a direct fee does impact on the returns the client could otherwise have received.

Vince