FCA register proposals provoke concerns for firms and consumers
Certified advisers could ‘fall off’register
"It is solving a problem that does not exist in the small end of the market and might be causing others" - Threesixty's Phil Young
The proposed reduction of the Financial Conduct Authority's (FCA) register could lessen protections for small advice firms and consumers, compliance experts have warned.
Among plans published yesterday to extend the senior managers regime to all regulated financial services firms were proposals certified people within a firm would not need to be approved directly by the FCA....
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