The Financial Conduct Authority (FCA) has sent out 4,600 letters to firms asking them how much it would cost them to implement European legislation the Markets in Financial Instruments Directive (MiFID II).
The regulator focused its cost-benefit analysis on the conduct issues within MiFID II, such as the recording of client conversations and the provision of independent advice. The analysis followed a...
'Saving millions' for investors
3% increase on previous tax year
Clients told to take claims to FSCS
Seven of ten FOMC members vote for small cut