Facilitated Adviser Charge
An adviser charge deducted by a product provider or platform from the client’s investment.

Fair Value Assessment
An assessment of whether a product or service provides reasonable value relative to its benefits, costs and limitations.

FCA Approval
Regulatory consent required before an applicable change in control takes place.

Fee Harmonisation
Aligning legacy fees to standardised pricing.

File Review Pass Rate
The proportion of reviewed advice files meeting the required standard.

Financial Accounts
Financial Accounts are prepared at the financial year end of the company and are a requirement of Company Law. These accounts will only be audited as required by Company Law, generally for larger business.

Financial Conduct Authority (FCA)
The principal conduct regulator for UK financial services firms.

Financial Crime Framework
Policies, controls and monitoring addressing money laundering, sanctions, fraud, bribery and related risks.

Financial Due Diligence
Examination of earnings, cash flow, assets, liabilities and financial controls.

Financial Ombudsman Service (FOS)
The statutory service resolving eligible complaints between customers and financial firms.

Financial Services and Markets Act 2000 (FSMA)
The principal statutory framework governing UK financial services regulation.

Financial Services Compensation Scheme (FSCS)
The statutory compensation scheme for eligible customers of failed authorised firms.

Fit and Proper Assessment
An assessment of an individual’s honesty, competence, capability and financial soundness.

Fundamental Warranties
Core warranties, usually covering title, capacity and ownership.

Funds Flow Statement
A schedule showing how the Purchase Price, debt, costs and other payments will be distributed at Completion.