FCA: Firms must improve 'inconsistent' MiFID II disclosure standards

Warns against misleading consumers

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FCA warns that failure to improve could see an increase in investigations
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FCA warns that failure to improve could see an increase in investigations

The FCA has outlined failings in the retail investment space with regard to the disclosure of costs and charges required under MIFID II and warned failure to improve could result in increased scrutiny of the sector.

MIFID II, which came into force in January 2018, requires - among other things - investment firms to accurately disclose the cost and charges they incur to clients and regulators. In its most co...

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