FSA puts pressure on brokers with mid-July cut-off threat

The Financial Services Authority (FSA) has warned that brokers failing to submit their compliance applications before 13 July next year could find themselves unable to conduct general insurance business come 14 January 2005.

Tim Howarth, head of small firms regulation at the FSA and the person responsible for the current applications process, told delegates at a recent seminar hosted by insurer Pinnacle that the only way it could guarantee that a broker would be authorised in time would be for it