Aileen Lynch offers a brief refresher on the process the regulator would expect firms to follow if they were looking to provide advice to clients who are based overseas
The number of calls we have received from firms wishing to provide advice to clients overseas has risen steadily over the past few years and it therefore seemed a good time to remind you of the process the Financial Conduct Authority (FCA) would expect you to follow in these cases. Firms wishing to carry on regulated activities - for example, advising on investments - with or for residents of the Channel Islands and the Isle of Man, or indeed other non-European Economic Area (EEA) countries such as Australia, may require appropriate authorisations from the relevant financial services reg...
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