U.K. moves forward with new accountability rules

The Financial Conduct Authority in the U.K. is providing feedback and asking for additional guidance as it moves forward with new rules for accountability.

By Staff | March 17, 2015 | Last updated on March 17, 2015
1 min read

The Financial Conduct Authority in the U.K. is providing feedback and asking for additional guidance as it moves forward with new rules for accountability.

The new regime is designed to encourage individual accountability for decision-making in banks, building societies, credit unions and designated investment firms, notes the Authority in a release. The rules will be relevant for U.K. branches, and foreign banks.

Read the consultation paper.

Any comments on this consultation paper are due by June, 16 2015.

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Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.

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