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Changing how we define the scope of regulated financial advice

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United Kingdom

Changing how we define the scope of regulated financial advice.

HM Treasury published their response to the Consultation on "Amending the definition of financial advice" and alongside this the FCA have issued an explanatory note.  Whilst the change will help authorised firms provide more extensive and better guidance services, arguably the proposals do not go far enough and some of the implications may not been fully thought through.

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