The Financial Conduct Authority (FCA) has outlined its five key tests for investment advice as part of a guidance consultation examining the boundaries between different advice models.
The guidance, published on Friday, seeks to clarify the regulatory framework in respect of different types of investment sales models, and provide examples on whether they amount to personal recommendations or not. As part of its work, it has outlined what it believes are the five key tests for investment advice. If the answer is yes at each stage, it constitutes investment advice...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
