The Financial Conduct Authority just can’t quite seem to be the nasty cop, even when it has every justification. It’s always fun to return to the topic of Suspicious Transaction and Order Reports, or Stors. And sure enough, the FCA has just published an update that lets us peer into its most recent thinking.
As usual it pulls its punches – at least in the language of its public comments – despite clearly finding aggravating examples of incompetence.
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