Secrecy surrounds the Financial Services Authority's (FSA) recent Joint Advisory Group meeting.

The Association of British Insurers (ABI), the General Insurance Standards Council (GISC), the Institute of Insurance Brokers (IIB) and the British Insurance Brokers' Association (Biba) attended the meeting.

The group was set up to discuss the issues surrounding the FSA's regulation of general insurance brokers by 2004.

However, a source told Insurance Times that attendees agreed to keep any decisions made at the meeting confidential.

ABI general insurance head John Parker revealed only that the meeting involved a "sharing of views about what the process will be".

Meanwhile, the first meeting of the Biba Regulatory Working Party will be held on 1 July.

The working party will meet two weeks after every advisory group meeting.

Biba group members include Andrew Paddick, director general of the IIB, and GISC board member Simon Bolam of EH Ranson & Co in Edinburgh.