The Financial Conduct Authority (FCA) is set to launch a multi-firm review to examine whether distributors of complex exchange-traded products (ETPs) meet Consumer Duty obligations.
It will focus on products that involve complex strategies, including leverage and inverse ETPs, which reset daily. The main assessment will be on how firms support consumer understanding of these products, the associated risks and whether they deliver fair value. In an email, the FCA stated this review "supports our wider goals of promoting growth and helping consumers to make informed financial choices". The regulator intends to publish the review and its findings by early 2026. Last week (10 July), the FCA announced plans to review its client categorisation rules in order to e...
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