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"The fact the regulator changed the rules, which originate as part of EU's MiFID regulations, bears out that the rule is not fit for purpose during a crisis in its current guise."
After pressing pause on the 10% depreciation notification rule, writes Steven Levin, the FCA must now ditch the regulation that is not fit for purpose
This spring was meant to see the launch of a consultation looking at changes to rules around the requirement for firms to issue 10% depreciation notifications to investors as part of the FCA's MiFID ‘quick...
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