Regulatory AlertsFG20/1: Assessing adequate financial resources
The Financial Conduct Authority publishes final guidance establishing a framework for solo-regulated firms to ensure they maintain adequate financial resources. The document clarifies expectations for assessing resource adequacy under Threshold Condition 2.4 and Principle 4 to minimize harm and ensure orderly wind-downs. While not imposing new Covid-19 specific requirements, it emphasizes the need for firms to proactively manage resource risks throughout the economic cycle.
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