UK:
Financial Conduct Authority Finalised Guidance On Retail Investment Advice
10 February 2015
Shearman & Sterling LLP
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On January 22, 2015, the FCA issued its Finalized Guidance on
retail investment advice, which aims to explore and clarify the
barriers and boundaries affecting market development. The guidance
follows on from the FCA's two consultations on the topic and
focuses on what may constitute a personal recommendation for retail
investments. The guidance also discusses how firms should
communicate with customers so that required information is passed
on to customers in an accessible and understandable format, and
deals with the concept of regulated advice, generic advice, focused
advice and personal advice, and well as what amounts to investment
advice under Markets in Financial Instruments Directive.
The Finalized Guidance is available at: http://www.fca.org.uk/static/documents/finalised-guidance/fg15-01.pdf.
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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