(Reuters) -Britain's Financial Conduct Authority (FCA) said on Thursday it will review existing client categorisation rules to ensure that they are proportionate for professional and retail clients,
UK Regulator to Revamp Client Rules and Reduce Legal Text for Investment Growth
(Reuters) -Britain's Financial Conduct Authority (FCA) said on Thursday it will review existing client categorisation rules to ensure that they are proportionate for professional and retail clients, to boost investment in capital markets.
As part of its growth initiatives, the regulator said it will change prospectus rules, eliminate unnecessary data reporting requirements and simplify capital rules for investment firms to cut legal text by 70%.
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Tasim Zahid)
