UK regulator to simplify reporting
The Financial Services Authority (FSA), the UK regulator, plans to shorten two of its compulsory returns, in an effort to ease the administrative burden placed on UK industry.
The regulator has said it will cut the complaints return and the retail mediation activities return, which most firms must submit every six months, by 80% and 30% respectively.
The cuts are part of the FSA’s drive to improve reporting requirements, set out in its Better Regulation Action Plan.
The regulator was quick to point out that consumers will not lose out from simplification. Jeremy Heales
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net