FSA issues CRD feedback

REGULATORY UPDATE

Within operational risk, the FSA is continuing to focus on a diverse and large number of key areas for further consideration. They are: exemption from the capital requirements for certain types of investment firms; treatment of intra-group income; treatment of outsourcing; income calculation examples; treatment of negative income; income indicator for a firm stopping or selling some of its entities or activities or starting or acquiring new entities or activities; extraordinary or irregular

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