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UK Finance Ltd.

02/19/2026 | Press release | Archived content

Consultation Responses UK Finance response to CP25/36: Client categorisation and conflicts of interest

UK Finance has provided a thematic response to the FCA's consultation paper.

UK Finance strongly welcomes the reforms proposed by the FCA in this consultation, which will unlock additional capital in support of economic growth across the UK, whilst maintaining appropriate protections for consumers. However, the proposal to set the pure wealth test for elective professionals at £10 million however, is too high and significantly out of step with comparable jurisdictions. This would put the competitiveness of the UK market at risk and threatens to undermine the wider package of reforms.

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UK Finance Ltd. published this content on February 19, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on February 23, 2026 at 14:15 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]