The Financial Conduct Authority will "retire" over 100 pages of rules underpinning the consumer finance, investments and mortgage sectors following “clear feedback from industry”.
In a statement released today (25 March), the financial watchdog said it is moving to simplify rules for financial firms so that they can "give people clearer information to help them find and compare financial products". FCA to cut red tape around corporate bonds in push for greater retail investor and wealth manager access The FCA has put forward proposals to assess its expectations for mortgages and lending, and to analyse ways to make communications about savings accounts simpler. FCA's action plan also includes reviewing parts of its credit advertising rules, such as "len...
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