FCA digs for details on financial resilience of brokers and MGAs
The Financial Conduct Authority has sent out letters to approximately 300 brokers and managing general agents asking them to provide detailed information regarding their financial resources and client money accounts.
In the letter seen by Post, the FCA said: “Firms prudentially regulated by the FCA play an important role in supporting the functioning of the economy. During this time of stress, we expect firms to
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