FCA relaxing 10% depreciation rule: The view from the platform's side

clock • 4 min read

On hearing the news the FCA has relaxed the regulations around the 10% drop notification rule until 1 October, Ray Tubman assesses what this really means for platforms and financial advisers...

In the midst of the global pandemic, at a time when there is much to worry about in the world, the regulator has seen fit to relax the MiFID II2 Depreciation rule to enable firms to focus on the far more important aspects of running businesses and supporting advisers and investors through this period of turmoil. I just read the press headlines "FCA screaps MiFID II 10% letter rule", "FCA pauses MiFID II 10% rule", "FCA halts 10% drop rule". And then I read the FCA's Dear CEO letter. The headlines and the contents of the letter just don't add up. [Ed. Professional Adviser reported: "Regul...

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