Chartered accountants Littlejohn Frazer have produced the first edition of a publication offering compliance advice to brokers.

It said further editions of Compliance Countdown would be published regularly to give brokers advice on how to meet the FSA's regulatory requirements in the easiest way possible.

David Roberts, a partner in Littlejohn Frazer's 30-person specialist insurance team, said: "There has been an awful lot of scaremongering from the new broker networks and others about the complexity and time that complying with the FSA's regulations will involve.

"Whilst meeting the FSA requirements is very important issue and brokers should be progressing it now, particularly in order to achieve the early registration discount, for most firms the regime is not anything to be scared of.

"Dealing with the regulator may seem unfamiliar at this stage, but it will fit comfortably within your other business processes."

He said the company advised brokers to start the compliance process early to become familiar with the regualtions

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