Advisers to come under tougher senior managers regime

October 2015
Fundweb;10/15/2015, p1
Trade Publication
The article reports on the requirement by the financial regulatory board Financial Conduct Authority of Great Britain for the banking industry in the country to assess whether senior investment advisors are fit and proper on at least an annual basis. Particular focus is given to the recommendation by the Fair and Effective Markets Review for more attention to the allocation of responsibilities of senior managers and the need to identify a responsible person for each area in the industry.


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