Broker trade bodies want lower regulatory barriers

Audit Barriers

The plea came in response to the Financial Services Authority's (FSA) consultation ‘The Financial Conduct Authority (FCA): Approach to Regulation'.

The trade bodies, which announced a potential merger in May 2011, outlined their concerns under three headings: proportionality, transparency and rules.

The FCA was urged to take a fresh look at the rules to clarify and simplify the current handbook, taking into account the needs and characteristics of insurance brokers.

More approachable, more

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