PIMFA calls for clarification over ‘confusing’ FCA consultation paper

PIMFA, the trade association for investment managers and financial advisers, has described the recent FCA consultation paper (CP) ‘Our Framework: Assessing Adequate Financial Resources’ as ‘confusing’.

Ian Cornwall (pictured), Director of Regulation at PIMFA says: “The FCA needs to give further clarification regarding this CP – feedback from our member firms has indicated that there is confusion about the status of this document.

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