COBS 3.5.3R(2) – Global Relay Intelligence & Practice

COBS 3.5.3R(2)

FCA

Client categorization reform – the top 10 things you need to know

January 6, 2026

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.

Alexandra Green | Macfarlanes, Michael Sholem | Macfarlanes, Lora Froud | Macfarlanes, Rachel Serene | Macfarlanes7 min read