Morgan Lewis partner William Yonge was quoted in an ACA Insight article about two new sets of “expectations” issued recently by the United Kingdom’s Financial Conduct Authority and Prudential Regulation Authority that investment advisory firms and broker-dealers are required to follow.
William said that amid the pandemic, regulatory burdens should be minimized where appropriate. He said that “FCA-authorized firms need to operate fluid, flexible governance arrangements and be given appropriate space by the regulator in which to focus on managing their business properly."