The document has been published with the intention of coming up with a common framework to ensure that all authorised firms disclose their regulatory status to consumers both at initial meetings and in their letterhead.
Firms will also be required to provide clients with information about the complaints and compensation arrangements.
It is hoped that the new framework will deliver a consistent approach towards the disclosure of regulatory status. And in turn, over time, raise awareness of authorisation and regulation which will build confidence in the financial system.
