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COVID 19: FCA extends flexibility for 10% depreciation notifications

The FCA has confirmed an extension of temporary measures relating to 10% depreciation notifications until 30 March 2021.

Firms providing discretionary investment management (DIM) services or holding retail client accounts that include leveraged instruments are 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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