Article summary
The Financial Conduct Authority (FCA) has updated its non-Handbook guidance for insolvency practitioners (IPs) on how to approach insolvencies of regulated firms. Finalised guidance FG25/2 follows a March 2024 consultation GC24/1, and aims to help IPs comply with the FCA’s rules and guidance, and relevant legislation, to achieve better outcomes for consumers and market participants when a regulated firm fails.
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