FSA to simplify handbook

The Financial Services Authority (FSA) has set out the first phase of its programme to simplify its handbook and remove unnecessary rules and guidance from it as part of its drive to achieve a better regulation process for insurance firms. The handbook review programme will focus on eliminating or changing requirements which are more restrictive than needed to achieve the FSA's statutory objectives. It forms part of the FSA's recent move towards a more principles-based approach.

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