A note outlining the measures and initiatives to develop the UK markets for regulated advice and financial guidance, which implemented the recommendations of the Financial Advice Market Review (FAMR). This included action taken by the government and the FCA to clarify the boundary between regulated financial advice (that is, investment advice under article 53(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544) (RAO)) and financial guidance. The note also tracks the FCA's evaluation of the impact of the FAMR.