Caution greets final rules
Brokers have cautiously welcomed the publication of the final rules on Financial Services Authority ...
Brokers have cautiously welcomed the publication of the final rules on Financial Services Authority regulation, despite the absence of clarification on the handling of client money and risk transfer.
The FSA, which was widely expected to formalise risk transfer agreements between insurers and brokers, has now deferred its decision until January 2006 to make way for further consultation.
However, the broker response has been largely positive. Kevin Young, chairman of the Argyll Group, said he was
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