FCA extends 10% drop notification suspension until end of 2021

In an update published on Friday (19 March), the regulator said it has extended temporary measures for firms until the end of 2021 while it undertakes policy work on the future of the requirement. It said the temporary relaxation had so far given it the "opportunity to consider the effectiveness", raising the hopes of critics it might not return at all at the end of 2021. The temporary coronavirus pandemic-related measures were first introduced in March 2020 as market volatility spiked. Firms providing portfolio management services or holding client accounts have had to notify clients ...