Regulatory Alerts2017-06-09
CP17/14: Quarterly Consultation Paper No. 17
The Financial Conduct Authority proposes updates to the Training and Competence sourcebook to reflect institutional mergers and add new qualifications for retail activities. It also seeks to clarify that auditors of loan-based crowdfunding platforms must submit client assets reports to ensure consistent consumer protection. Additionally, the FCA proposes removing obsolete reporting methods and correcting guidance errors in regulatory returns for remuneration, financial crime, and product sales data.
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