FCA extends 10% drop notification suspension until end of 2021

Will review rule

Sophie King
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The FCA will consult on the 10% drop rule in late Spring.
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The FCA will consult on the 10% drop rule in late Spring.

The Financial Conduct Authority (FCA) has extended the suspension of the 10% depreciation rule until the end of 2021 and said it will begin consulting on the regulation this spring.

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. ...

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