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FCA Proposes New Financial Services Workers Directory

UK regulator The Financial Conduct Authority today announced a proposed new Directory to help consumers and firms check the status and history of individuals working in financial services.   The Directory will include all those who hold Senior Manager positions requiring FCA approval and those whose roles require firms to certify that they are fit and proper. This includes those in consumer-facing roles, such as mortgage and investment advisers. The Directory has been designed to provide user friendly, practical and easy to understand information.  For example, consumers will be able to search by location to find local advisers. The FCA’s proposals are based on feedback...