Capital adequacy rules delayed until 2015

In order to give firms more time to prepare for RDR, the FSA has delayed its introduction of capital adequacy rules for financial advisers by two years.

Controversially it was announced in November 2009 that firms would be require firms to hold a minimum of £20,000, or three months expenditure. Many advisers challenged the proposals on expenditure based capital requirement, and today's news is likely to have come as a welcome relief, giving advisers more breathing space to prepare.

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