The Financial Conduct Authority (FCA) is planning to review its client categorisation rules in order to make it easier to distinguish retail clients from professional investors.
According to the FCA this will be done with the view to "protect" retail investors partaking in capital markets, all without imposing "undue restrictions" on the professional sector. Yesterday (9 July), experts from Oxford and Cambridge Universities warned Parliament that retail investors "do not understand" the vehicles and implications of investing in private markets, especially on the credit side, as retail participation in both areas has been steadily increasing. "Reviewing the rules will ensure that expectations remain proportionate when dealing with wealthy or very experienced i...
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