Consultancy firm the lang cat is working to create an online resource to help advisers carry our appropriate due diligence on platforms.
The publication of the Financial Conduct Authority's (FCA) PS13/1 paper in April highlighted the increased due diligence requirements for advisers, the company said. Advisers will be required to satisfy themselves that a platform service provider has met all of the requirements set out within the FCA platform paper as part of an enhanced due diligence process. The lang cat is aiming to help advisers by compiling the responses from platform providers to the most pressing due diligence requirement questions. The resource will be based around platform providers' responses to three pri...
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