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flag UK's FCA introduces new rules for financial firms to manage liabilities from "polluting" actions.

flag The UK's Financial Conduct Authority (FCA) has issued new guidelines for financial firms to manage redress liabilities, focusing on behaviors that harm customers or the market, known as "polluting" actions. flag Firms must ensure they have adequate resources to address these liabilities, such as setting aside capital and obtaining insurance. flag The FCA will closely scrutinize higher-risk scenarios and may refuse transfers or require additional actions from firms that fail to meet these obligations.

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