FCA sets out landmark package to boost UK investment culture

With new rules for investment product information, the FCA today announced it is playing its part to build a stronger investment culture, supporting firms to innovate and make investing more engaging for consumers. And the FCA is seeking views to make sure regulation supports consumers to invest with confidence.

Proposals to enhance how firms classify their clients will give confidence to firms when they deal with professional investors, drawing a line so wholesale markets can remain agile and innovative.

The regulator has worked closely with industry and consumer groups to deliver practical policy that moves the dial on risk.

Simon Walls, executive director of markets at the FCA, said:

'Today’s measures support investment risk culture right along the spectrum. They ensure that firms can compete to give retail customers material that informs and engages them. They also draw a brighter line for professional markets, defined by contracting parties, informed consent and regulation that is proportionate to that.'

Your views by midnight tonight please. We'll be doing a more thoughful piece for tomorrow morning so you have time to digest it all.