Reportage: Tale of the red tape
The increasing burden of regulation and the investigation into the sale of add-ons could make the next few years very uncomfortable for brokers, writes Martin Friel
It would be a stretch to say that the broking market took warmly to the regulatory world when it was introduced in 2005 but if brokers think the regulator has been over burdensome and oppressive to date, they ain’t seen nothing yet, as the saying goes.
In other words, if as a broker you have managed to survive thus far without paying too much attention to regulation and compliance, you’d better start engaging with the regulator and quickly. There are a host of issues on the agenda that have the
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