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Podcast: FTAdviser Podcast
Episode: Should the FCA scrap the 10% drop rule?
Description: Earlier this year the Financial Conduct Authority announced plans to review the controversial 10 per cent drop rule, which was introduced by Mifid II in 2018 and means clients must be informed when their portfolios drop by 10 per cent or more.The rule has been suspended since the beginning of the Covid-19 pandemic due to increased market volatility, a suspension which the FCA has said will continue until the end of 2021.But now the UK has left the European Union, what should the FCA do about this rule following its review? Should the rule be scrapped completely...