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UK investment firms to see 70 percent cut in legal text linked to capital rules

( April 24, 2025, 09:06 GMT | Official Statement) -- MLex Summary: UK investment firms regulated by the Financial Conduct Authority will see the volume of legal text pertaining to capital rules drop by 70 percent, the watchdog has said today. The rules themselves won't change but will become clearer and more accessible, it said. The proposal is under consultation until June 12. The watchdog said it will reduce the time and resources firms spend interpreting and applying the requirements. Statement follows and consultation is attached....

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