How FCA's Client Reforms May Boost Investment Access

Law360

Sebastian J. Barling Eva Legler Wilf Odgers

On December 8, 2025, the U.K. Financial Conduct Authority published a consultation paper proposing reforms to the professional client categorization regime and targeted simplifications to the conflicts of interest rules. Partner Sebastian Barling, European counsel Eva Legler and associate Wilf Odgers examine the details and implications of this significant reshaping of firms’ client relationships.
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