FSA proposes new Training book


The new sourcebook is founded on high-level rules and guidance, eliminating the more prescriptive requirements to simplify and streamline the sourcebook, while ensuring it complies with the Markets in Financial Instruments Directive (Mifid).

"As with the changes we're proposing for the Conduct of Business sourcebook, we believe the new T&C regime will give firms more flexibility to achieve the outcomes we want in a way that suits them best," says Dan Waters, director of retail policy at the FSA.

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