This response is submitted on behalf of the Futures and Options Association (FOA). The FOA is pleased to have the opportunity to respond to the FCA’s Consultation Paper CP13/5 – Review of the client assets regime for investment business and welcomes the FCA’s wholesale review of the client assets regime.
The FOA has put together this Response following consultation and discussion with its members and with the significant assistance of Norton Rose Fulbright LLP. The FOA would welcome the opportunity to discuss its members’ comments with the FCA in more detail if this would be helpful.
