As regulatory demands on advisers intensify, Maria Merricks finds out whether it is realistic for smaller businesses to take care of their own compliance affairs.
The biggest regulatory overhaul ever seen in the financial advice industry, the Retail Distribution Review (RDR) has led the majority of advisers to revaluate their business models and adapt crucial aspects in the day to day running of their firms. With just six months to go until its implementation, such a task has left many with little time to keep abreast of other regulatory changes. In the past year or so the industry has been hit with a tidal wave of new developments: Basel III, Mifid II and FATCA to name just a few. As well as taking time to understand and interpret each new requir...
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