She also said the FCA should remove the supervision case file record, thereby eliminating any record of the Principle 11 breach and failure to cooperate.
But the FCA did not accept this recommendation. It said it would instead amend its records to ensure concerns surrounding obligations with respect to non-disclosure and due diligence checks are recorded but there would be no inference that the adviser was non-co-operative.
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amy.austin@ft.com
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