19th November 2009

Changes to rules on capital resources and other important matters

As part of our work with all financial services firms to ensure their stability and restore trust and confidence in the industry, we are changing our requirements on the amount of capital resources firms should hold.

Capital resources
15 year 'long-stop' on bringing complaints against financial services firms
We have recently had some feedback about our decision not to introduce a 15 year 'long-stop'. Some firms have indicated that they propose to insert a 'long-stop' clause into their Terms of Business. If you are considering this please click here to read our 15 year 'long stop' update.

Structured products
Following a review of structured products, particularly those backed by Lehman Brothers, we have published guidance and a template firms should use to deal with customer complaints. Click here for more information.

Find it with our A-Z
We have a comprehensive A-Z for financial advisers. Click here to find the information you need.

Need help on other issues?
Try our small firms web pages dedicated to financial advisers