FCA bans "future service restrictions"

By: Jons Lehmann, Gregg Beechey

On 27 June 2017, the United Kingdom Financial Conduct Authority (FCA) announced that it is amending the conduct of business rules to prohibit “future service restrictions” in the context of “primary market and M&A services”.  This amendment follows a market study of Investment and Corporate Banking carried out by the FCA in 2016.

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