UK:
UK Financial Conduct Authority Regulation Round-Up
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The FCA, in its September Regulation Round-up, outlined recent
changes to its supervisory model. The new strategy aims to take a
more holistic approach to the classification of firms, focusing
increasingly on how markets work as a whole, with greater emphasis
on sector and market-wide analysis. Firms will now be categorized
as either 'fixed portfolio' or 'flexible portfolio'
and will be approached differently, with flexible portfolio firms
being more proactively supervised.
Coinciding with this regulatory change, the FCA has published a
new Financial Services Register and re-designed FCA handbook. Both
new products aim to be more user-friendly and easier to
navigate.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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