Member

In meetings with the Government, I was told that the FCA does not have scope in this case. Then last week, the FCA announced a review into child trust funds, in part to see whether there were obstacles for vulnerable youngsters. It is not going to finish the review until next year, and any action will take far longer than that. Clearly, however, the very act of initiating a review demonstrates that the FCA does have scope. I have also talked extensively with lawyers, who have confirmed that any authority created under FCA rules still sits inside the Mental Capacity Act framework and does not challenge it in any way.