Advisers and clients may be getting ready to wind down for a festive break, but the Financial Conduct Authority (FCA) had other ideas this week.
As a pre-Christmas gift to financial services firms, the regulator pushed out a round of updates, including on targeted support, boosting investment culture and handbook changes. The financial services watchdog further sought to address "misconceptions" around Consumer Duty co-manufacturing rules. As the regulator noted, some firms are "finding it difficult to decide which firms are subject to the rules, or to understand the impact on their dealings with each other". The FCA is set to review rules on this in the new year, with a consultation on amendments to follow. Also on the ...
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