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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: FCAFinancial Conduct AuthoritySarah PritchardAdvice Guidance BoundaryCompensation Framework ReviewConsumer Investment MarketsFinancial Services Compensation SchemeUK regulationFinancial services