Advisers critical of plans to remove them from FCA register
Regulator 'shirking responsibility'
Advisers have criticised the Financial Conduct Authority's (FCA) latest proposal to remove them from its register if they are not considered 'senior managers', arguing the regulator was attempting to shirk responsibility.
The FCA said the proposed changes were intended to "reinforce that firms, rather than the regulator, are responsible for ensuring their staff are fit and proper", but advisers said the regulator was shirking...
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