FSA letter in the post for broking CEOs warning them of obligations over clients' money
The Financial Services Authority (FSA) has sent a letter and report to the chief executive officers (CEOs) of major insurance brokers drawing attention to the regulator's concerns over the handling of clients' money and assets.
The Financial Services Authority (FSA) has sent a letter and report to the chief executive officers (CEOs) of major insurance brokers drawing attention to the regulator's concerns over the handling of clients' money and assets.
The move follows a letter the regulator sent to firms in March 2009, which explained the obligations firms had to protect clients' money and assets and set out the FSA's intention to conduct further firm visits during 2009.
Subsequently the FSA visited a range of firms
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