As as we speak (31 October) marks the deadline to offer suggestions, trade professionals have welcomed the regulator’s transfer to simplify the foundations, however have warned it to keep away from “ambiguity”.
That is as a result of nature of Client Responsibility and, extra particularly, its outcome-based method to regulation.
As such, Michael Shand, managing principal at consultancy Capco, famous the interpretation of such outcomes is all the way down to the person companies, via the usage of knowledge and proof.
FCA launches overview to simplify monetary companies rulebook after Client Responsibility
Nevertheless, he argued the wa…
