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APFA responds to the FCA’s capital resource requirement consultation
28 May 2015
Responding to the Financial Conduct Authority’s Consultation Paper on capital resource requirements, Chris Hannant, Director General of the Association of Professional Financial Advisers (APFA), said:
“We would urge the FCA to commit to sensible and proportionate funding requirements.
“We would also like to see greater flexibility for firms about how the funds are held as well as around their use; we will continue to lobby on behalf of our members for the final FCA Policy Statement on capital resource requirements to include guidance to this effect.”
