The appliance of compliance
With the passing of the December deadline, Mary Clarke stresses the advantages of implementing the Financial Services Authority's latest bout of Treating Customers Fairly regulations, as well as the consequences of not doing so
The Financial Services Authority's (FSA) deadline for compliance with the latest Treating Customers Fairly (TCF) regulations passed in December, yet many firms have yet to conform to the new requirements. As we enter the new year, it is important to take time to ensure that employees fully understand the FSA's requirements and consider how best to comply, as there could be serious consequences if they do not. The FSA has already demonstrated that it is serious about TCF, having issued more than
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