Client categorization reform – the top 10 things you need to know
The aim of the reforms is to rebalance risk and allow firms to make well-founded assessments of whether a client meets the threshold of a professional client.
The FCA has issued consultation paper CP25/36 on changes to the client categorization regime. Reform of the regime was one of the items included as part of a plethora of measures set out in the Government’s growth and competitiveness strategy.
The FCA has made clear that the aim of the reforms is