FSA's ICOB proposals ludicrous and unfair to brokers, says Biba

The British Insurers Brokers' Association (Biba) has released a damning response to the Financial Se...

The British Insurers Brokers' Association (Biba) has released a damning response to the Financial Services Authority's (FSA) proposals to amend its Insurance Conduct of Business rules sourcebook.

The association said the proposals would put brokers at a commercial competitive disadvantage, and that certain rules were "ludicrous" and "extraordinary". It also accused the FSA of creating rule changes that would "break up the level playing field" in the market, which could, in turn, "contradict its

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: