HM Treasury has published a consultation paper in which it sets out its plan to amend the definition of financial advice contained within Article 53 ("Advising on Investments") of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001: see here. It is proposed, in order to achieve greater clarity and certainty, to bring the Article 53 definition in line with the definition of advice within the Markets in Financial Instruments Directive (MiFID).
Tuesday, 20 September 2016
UK: HM Treasury consultation - amending the definition of financial advice
HM Treasury has published a consultation paper in which it sets out its plan to amend the definition of financial advice contained within Article 53 ("Advising on Investments") of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001: see here. It is proposed, in order to achieve greater clarity and certainty, to bring the Article 53 definition in line with the definition of advice within the Markets in Financial Instruments Directive (MiFID).
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