Gillian comments that the FCA has become 'more cautious' with operating structures of platforms, suggesting that “Simpler platform models are being favoured because the risks are more easily understood by consumers. The conflicts are more easily managed by firms, and they are easier for the FCA to supervise. It is the simpler models of platforms that are being authorised first and the FCA’s paper shows that its concerns about whether the more sophisticated structures are morphing into banks and asset managers remain.”
Please click here to read the full article in Crowdfund Insider.
Partner & Head of BWB Compliance
- +44(0)20 7551 7876
Posted on 13/12/2016 in BWB In The MediaBack to Knowledge