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UK client-categorization rules set for modernization by FCA

( July 10, 2025, 11:58 GMT | Official Statement) -- MLex Summary: The UK's Financial Conduct Authority will modernize client-categorization rules, in a move the watchdog said would support the government's growth strategy. Client-categorization rules define how financial services firms must classify their clients to ensure appropriate levels of investor protection. The FCA said the modernization aims to unlock more opportunities for wealthy investors. “We want to rebalance risk to support growth and competitiveness, which is at the heart of our strategy,” said FCA chief executive Nikhil Rathi.Statement is attached....

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