FCA highlights client money rules for brokers

October 2020


The FCA has issued a ‘Dear CEO’ letter reminding firms of the strict rules around handling client money. The letter says it is imperative that firms continue to maintain adequate arrangements that safeguard the client money it holds for customers, especially as the pandemic is presenting new challenges for the sector. It also reminds Senior Managers of their obligations to continue to oversee the client money arrangements and to notify the FCA of any material concerns.


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