Editor's View: Manufacturer? Distributor? Both?!

The editor's Friday Night Takeaway from 19 May

Hope William-Smith
clock • 2 min read

One overwhelming question came up again and again back in March when we ran our Consumer Duty Masterclass series with Bankhall.

 ‘Am I a manufacturer, a distributor, or both?' advisers asked. As it turns out, a majority fit into the definition of both under the Consumer Duty regulations and our most popular story this week dived into that further. The Lang Cat's Mark Polson warned firms and advisers to remember the two are "completely different boxes of frogs" with differing legal requirements and challenges. Not to scare you, but we're now ten weeks away from 31 July…! Elsewhere, the end of the week saw a trio of senior managers receive a warning from the Financial Conduct Authority for a double breach of conduc...

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