Compliance specialist firm B-Compliant has warned financial advisers they only have until the end of the week to respond to the FCA's UK Investment Firm Prudential Regime (IFPR) questionnaire, which requires a "rudimentary understanding" of the legislation.
The questionnaire from the Financial Conduct Authority (FCA) must be completed by November 26, according to B-Compliant. "We would urge all advisers, regardless of classification, to review the new legislation, ensure they understand the obligations it places on them and begin to action the changes they need to make to policies and procedures," said B-Compliant director Vickie Pearce. "We have already had a number of clients contact us for assistance with the FCA's questionnaire and we urge those who are yet to complete it not to delay any longer." She added that the biggest change wi...
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