The FSA has denied it is considering changing the rules on the way goodwill is accounted for in companies' accounts.

Current FSA rules mean a firm is not required to include goodwill in its intangible assets until 14 January 2008. But this is not a rule dictated by ICOB, meaning the FSA has the opportunity to reconsider the deadline.

Market sources indicated that the FSA was re-examining the rules after concerns were raised at the ability of consolidating brokers to meet the deadline.

But a spokesman for the FSA denied this was the case. He said: "We are not thinking about it now or debating a paper now as it is too far off."