FCA ‘Dear CEO letter’ warns brokers about client money amid concern of widespread non-compliance
The Financial Conduct Authority has issued a stark warning to brokers about client money shortcomings it has seen in the market stressing that it will take action.
In a ‘Dear CEO’ letter on 2 July it wrote to brokers to remind firms holding or controlling client money that they must establish and maintain arrangements to ensure the funds are adequately protected
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