FMLC responds on client assets review: FMLC has responded to FCA's consultation on reviewing the client assets regime for investment business. It raises several questions on the proposals to require the insolvency practitioner to effect an initial distribution of client money to those persons appearing in the records as being entitled to client money held at the point of insolvency. The paper also tackles other issues such as acknowledgement letters and the identification of beneficiaries of different pools of client money. (Source: Response on Client Assets Review)