Regulator temporarily softens 10% drop notification rule for coronavirus crisis
Three guidelines to follow
The Financial Conduct Authority (FCA) has attempted to provide some clarity to financial advisers and others in the retail investment value chain over the 10% notification drop rule.
Firms providing portfolio management services or holding client accounts have had to notify clients of 10% market drops since the Markets in Financial Instruments Directive II (MiFID II) came into effect...
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