FCA's role evolving as 'product value policeman', says CMS
The Financial Conduct Authority’s new guidance issued today is far more than a helpful steer as the watchdog’s “product value policeman” role develops, according to CMS financial services partner Simon Morris.
The regulator, following a short consultation from 1-15 May, has brought into force that with immediate effect insurance businesses must consider the impact of the coronavirus pandemic on the value of
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