he FCA have issued a last-minute statement declaring a further six-month extension and subsequent amendments to the Covid-19 measure brought into effect in March 2020.
The regulator’s amendments regarding the flexibility on reporting to professional investors now require firms to give professional investors the ability to opt-in to receiving notifications.
No action will be taken for non-reporting of 10% portfolio depreciation to retail investors provided:
These amendments and extension will be in place until 30 March 2021.
ACA COMPLIANCE GROUP