This article by Andrew Davies was first published in the Butterworths’ Journal of International Banking and Finance Law.
The distinction between providing information, and giving advice, is a crucial one in the investment market. It can be elusive, particularly in the context of web or mobile based platforms, and tools to aid decision-making and steer customers to consider investment options and solutions.
Andrew’s article considers the development of the distinction, and its application to innovative products such as online platforms, with particular reference to the FCA’s finalised guidance in FG15/1 (‘Retail investment advice: Clarifying the boundaries and exploring the barriers to market development’).
This article forms part of an ongoing series being written by members of the Henderson Chambers Banking Finance and Consumer Credit group for the Butterworths’ Journal of International Banking and Finance Law
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