UK Financial Conduct Authority portfolio letter on supervisory strategy for wholesale brokers
JD Supra: Mergers
FEBRUARY 6, 2025
Financial Conduct Authority has published a Dear CEO Letter on its new strategy for supervising wholesale brokers. The FCA has observed a change in the sector in recent years with larger firms acquiring smaller ones and some weaker firms exiting the market altogether, although it observes the sector is overall healthy and competitive.
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