Wealth management lobby group PIMFA has confirmed the 10 percent depreciation rule has been repealed as of 18 January 2023.
Since March 2020, UK regulator the Financial Conduct Authority (FCA) has adopted temporary measures on the requirement for firms to issue 10 percent depreciation notifications to investors.
These were initially put in place initially to help firms support consumers during market volatility linked to Covid-19 and the Brexit transitional peri...
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