The Financial Conduct Authority (FCA) has made a number of "extensive and detailed" changes to its client money rules which it hopes will improve the protection of client assets.
The changes to the Client Assets sourcebook (CASS) outlined in a policy statement on Tuesday will require firms to provide enhanced information for consumers about how monies are held and how they are...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected