Notifications of 10% drops in discretionary portfolio valuations - temporary measures extended

The FCA has confirmed that the temporary measures currently in place will last until the end of 2021.

A firm which provides a discretionary investment management (DIM) services or holds retail client account that include leveraged instruments is required to inform a client where the overall value of their portfolio, as evaluated at the beginning of each reporting period, depreciates by 10%, and further multiples of 10%.

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