FSA warns aggregators not to breach permissions
The Financial Services Authority (FSA) has expressed concerns that comparison sites are helping to arrange and advise on sales without the correct permissions.
The concerns have been raised in the FSA’s guidance on the Selling of General Insurance Policies through Price Comparison Websites.
The FSA requires affected firms to consider its findings and guidance as set out in the final paper, and ensure that they are complying with all relevant regulatory requirements.
In particular, the regulator has requested firms review their regulated activities to ensure they have proper authorisation or are exempt; only deal with other firms that have appropriate
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