FSA's tough stance opens door to investment bans

UK FSA jumps on the ban-wagon

FSA logo
UK financial regulator talks tough

The UK Financial Services Authority (FSA) today (January 25) published a discussion paper on consumer protection that marks a significant change in approach by the regulator.

Usually accustomed to applying rules about transparency and the clarity of information disclosed to investors, the FSA has adopted a more aggressive and intrusive stance that stops just short of a requirement for the preapproval of investment products.

"As part of its new consumer protection strategy introduced last year

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