FCA refuses to be 'less conservative' on personal recommendations
Follows FAMR consultation
"It is not possible to provide an exhaustive series of examples that would apply to every possible circumstance a firm might encounter" - FCA
The Financial Conduct Authority (FCA) said it could not be "less conservative" in changing the perimeters of what constituted a personal recommendation in financial advice.
In Policy Statement PS18/3, the regulator provided feedback to responses received to the proposals it made in a consultation on the Financial Advice Market Review (FAMR), regarding perimeter guidance on...
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