FCA extends adviser fee deadline for majority of firms

For smaller and medium firms

Sophie King
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The FCA said it categorised medium and smaller firms as those who pay total fees and levies in 2020/21 of less than £10,000.
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The FCA said it categorised medium and smaller firms as those who pay total fees and levies in 2020/21 of less than £10,000.

The Financial Conduct Authority (FCA) has extended the payment deadlines for 90% of financial advice firms due to the impact of coronavirus.

In a policy statement published in July, the regulator said it proposed to extent the period for "medium and smaller firms" paying their fees by two months to 90 days due to the impact of the coronavirus...

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