Compulsory disclosure raises its ugly head again, causing more confusion
The Financial Services Authority (FSA) has again decided to raise the spectre of the compulsory disc...
The Financial Services Authority (FSA) has again decided to raise the spectre of the compulsory disclosure of commission, causing further uncertainty and potential costs for the sector. This is not a requirement under the EU directive - it appears to be yet another example of the Government gold-plating an EU directive and adding to business red tape.
As it is not a requirement, presumably, the FSA feels brokers are ripping off the public and compulsory commission disclosure will change all this
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