FSA publishes a consultation paper

The Financial Services Authority (FSA) has published a consultation paper (CP) that clarifies the FSA's expectations of individuals within firms performing a 'significant influence' function. The CP proposes amendments to the FSA handbook to extend the approved persons regime and set out how the FSA will enhance its scrutiny of senior management competence. The consultation period will close on 31 March 2009. The FSA will then finalise the proposals and publish revised rules during the second qu