The Financial Conduct Authority (FCA) has reiterated its commitment to consulting later this year on a more proportionate advice regime for investing in stocks and shares ISAs.
The regulator said it would first consult on investment ISAs and their related advice regulations and then follow with a holistic review of the boundary between advice and guidance. The consultations were previously confirmed at the FCA public meeting last week. The commitments were part of the regulator's consumer investments strategy update and data review released today (18 October). It also highlighted it had, as part of its strategy designed to prevent harm in the consumer investment market, placed restrictions on twice as many firms in the investment market compared to last...
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