Regulator puts TCF on the backburner
The Financial Services Authority (FSA) has cancelled its programme of regional workshops on treating customers fairly to concentrate its resources on the move to the new regulatory restructure and the RDR.
According to a report in Money Marketing, the FSA scheduled six regional events to follow up on earlier assessments, but decided to cancel them last week and notified advisers earlier this week.
A total of 88 firms had been invited to attend and 18 firms had confirmed their attendance.
In December, FSA chief executive Hector Sants said the regulator would spend less time on the routine supervision of smaller firms in order to concentrate on the transition to the new regulatory structure.
An FSA
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