FAMR: Call for change to 'regulated advice' definition

FCA announced review last August

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FAMR: Call for change to 'regulated advice' definition

The Financial Advice Market Review (FAMR), published today, has included recommendations for a further consultation on the definition of 'regulated advice', which could help advisers service a wider client base more effectively.

FAMR asked the government to consult on amending the definition of regulated advice in the existing Regulated Activities Order (RAO) so that regulated advice is based upon a 'personal recommendation' in...

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