The Market Reform Group has welcomed the FSA's decision to put on hold its work to develop rules for contract certainty.
Dane Douetil, Chairman of the Market Reform Group said: "Today's decision reconfirms the good progress that the market is making, and the FSA has again made clear that they are encouraged by our achievements to date.
"We are determined not to lose any of the current momentum, and to ensure that the 85% end of year target is achieved. Although as much as 65% of all contracts achieved certainty in December 2005, the challenge will become harder as we get closer to the end of the year."
Douetil added: "Achieving contract certainty is commercially vital to the market's survival, and the FSA has made clear that they will still intervene if necessary. Every business must therefore continue its commitment to this issue."
