June 10, 2014 BY Mike Fox
FCA finalises rules to improve the protection of client money and custody assets
The Financial Conduct Authority (FCA) has today finalized changes to the client money and custody assets (client assets) rules. These changes affect approximately 1,500 FCA regulated firms that carry out investment business, from the largest investment banks to the smallest investment advisor, who collectively hold over £100bn of client money and £10tn of custody assets.…
Read more