FCA stops short of introducing standardised fact finds

Process too complex

Carmen Reichman
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FCA stops short of introducing standardised fact finds

The regulator will not introduce a mandatory standardised fact find process, despite industry concern about the cost of assessing client suitability.

The Financial Conduct Authority (FCA) said it had consulted with a range of firms and trade bodies in its work on standardising client information but had concluded the challenges involved in designing...

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