Advice firms demonstrate some good practice on due diligence but greater consistency needed

Financial advice firms are seeking to achieve positive outcomes for their clients when it comes to undertaking research and due diligence, an FCA thematic review has found.

TR16/1: Assessing suitability: Research and due diligence of products and services

In this report we set out the high level findings of our thematic review of the research and due diligence processes carried out by advisory firms on the products and services they recommend to retail clients.

GC16/2: Proposal to issue guidance on the FCA’s view of enforcing security under the Consumer Credit Act 1974

We invite views on the proposal to issue guidance, which explains how we will interpret provisions of the Consumer Credit Act 1974 (CCA) regarding the enforcement of security in relation to a regulated credit agreement or a regulated consumer hire agreement.

Regulation round-up February 2016