FCA to review suitability tests for complex products as AI simplifies questionnaires
The UK's FCA is reviewing risk tests for complex products, according to an October 16 report, because AI has reduced filling in the questionnaires to a single click. Investors previously had to search for the answers themselves.
Who is affected and how
- banking professional
- When selling complex products, it is worth building in additional checks.
- retail customer
- Gaming the questionnaire offers no protection and may lead to stricter checks.
Sources
- FCA to Review Complex-Product Risk Tests as AI Erodes Client Screeningfinancemagnates.com · Oct 16, 2026
- FCA review of AI client checks | Trading Technologytradingtechnology.org · Oct 16, 2026
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