The FSA has launched an e-learning package for small firms to help them work out what financial resources they need to meet regulatory requirements.
The FSA said firms need to keep adequate financial resources at all times and the online training course is designed for those with little or no accounting knowledge.
The financial watchdog has already introduced various initiatives to assist small firms, which include improvements to the Firm Contact Centre such as longer opening hours at key times; more targeted newsletters and webpages; tailored handbooks; and a range of workshops, training courses, roadshows and surgeries.
Stephen Bland, retail intermediaries sector leader at the FSA, said: "As part of our commitment to make it easier for small firms to do business with us we have been working to improve what we offer them. We have made a good start, but there is still work to be done. The e-learning package is a new way of offering assistance to firms and may offer extra support to those that need it."
