Over recent years, since MiFID II and SM&CR, the wealth management sector has had relatively little regulatory change to deal with but social and market changes have brought the 'consumer investment sector' under increasingly close supervision by the FCA, which is being ever more assertive, as it promised.
Our experts have compiled this report to help wealth managers to understand the key themes from last year and to navigate through the significant changes the FCA has made to its own decision making processes, the transition to the new Investment Firm Prudential Regime, a new Consumer Duty and the proposed reforms to the financial promotion and appointed representative regimes.
We also re-visit relevant and update the case law from our first edition, explain the Special Administration Regime for 'investment banks' and share our thoughts on what digital distribution means for the future of the wealth management sector.
