The Broker Network has decided the most appropriate route to FSA compliance for its members is via direct registration.
Managing director Grant Ellis, said: "It is apparent that, as with Financial Services Networks, appointed representative status will attract a more attentive, and thereby a potentially more onerous monitoring regime."
Training and development manager Rob Bardwell explains: "We have been asking our members how they would like us to approach FSA compliance.
"The response has overwhelmingly confirmed our belief that they all want help in applying compliance policies to their business practices."
Grant Ellis said: "We will provide the necessary
infrastructure to ensure network members are themselves individually compliant with the FSA regulations. They will not have to do it all themselves."
