Reasonable Judgement, Real Outcomes: What CP25/36 Changes About Client Categorisation
Summary The Financial Conduct Authority’s (FCA”) CP25/36 on client categorisation and conflicts of interest (the “consultation”) should not be read as a narrow technical consultation. It is better understood as part of a broader supervisory agenda: away from prescriptive eligibility mechanics and towards an outcomes-led assessment of whether firms’ judgments genuinely serve client interests and […]