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Regulatory

FCA mulls capital requirements for firms giving bad advice

The UK's Financial Conduct Authority (FCA) has proposed mandating personal investment firms, commonly known as investment advisers, to pre-emptively calculate and secure sufficient capital for potential redress liabilities.

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Read more: FCA,  Financial Conduct Authority,  Sarah Pritchard,  Advice Guidance Boundary,  Compensation Framework Review,  Consumer Investment Markets,  Financial Services Compensation Scheme,  UK regulation,  Financial services