FCA Finalised Guidance for FCA-solo regulated firms on assessing adequate financial resources

Regulatory Updates | 11/06/20

The Financial Conduct Authority (FCA) has published Finalised Guidance FG20/1 Our framework: assessing adequate financial resources. The FCA consulted between June and September 2019 on a draft version of the guidance in CP19/20. The Finalised Guidance sets out the purpose of, and the FCA’s approach to, the assessment of adequate financial resources. It also sets out further guidance on the meaning of ‘adequate financial resources’. It is relevant to all solo-regulated firms subject to threshold conditions and/or the FCA’s Principles for Businesses.