As far as the FCA is concerned everyone in the supply chain of a product should be responsible for the consumer impact of that product. Investment and financial advisers take note, because this is how the FCA will reach you, explain David Robinson and Simon Collins
Since the Global Financial Crisis 14 years ago the march of regulation across the country has been constant. During that time the way the regulator has pressed its power on those it regulates, and those it does not, has evolved. Its latest move is an example of how it can reach all in the supply chain of a financial product as it aims to prove its powers to consumers and government alike in a long journey towards new regulation. In 2021, the government announced the Financial Conduct Authority (FCA) would regulate buy now pay later (BNPL) firms. It was at this point that the regulator...
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