When the Financial Conduct Authority's proposals to 'simplify' mandatory disclosures for investment products (moving away from EU rules) are welcomed by the Financial Services sector, you might well smell a rat....

These disclosures while complex were intended to ensure investors had as much information as possible before investing.... of course, financial services firms would like a simpler disclosure regime; their endemic corruption is always hidden in the detail!

#FinancialServices
h/t FT