The FSA's final rules have at long last been published. Brokers now have everything they need to know on prudential requirements, the appointed representative regime and the conduct of business rules. ...
The FSA's final rules have at long last been published. Brokers now have everything they need to know on prudential requirements, the appointed representative regime and the conduct of business rules.
While there were no major changes, the FSA has made some technical alterations, mainly to improve clarity. But the rules do contain some important alterations of which brokers need to be aware, particularly in relation to co-mingling of insurer and client monies and product disclosure. We have put together a brief guide to the final rules, highlighting some of the significant changes.
This week also sees the second part of Alex Peterkin's guide to completing the FSA application form. Over the coming months brokers will be wrestling with the practical application of the rules. This column will endeavour to provide as much guidance as possible on what needs to be done. But if there is something you feel needs to be covered, or if you have any questions, please email me at:
michael.faulkner@instimes.co.uk
Michael Faulkner
