Playing by the rules.
Speculation is rife as to the content of the Financial Services Authority's rulebook. Until then, Diane Smyth says a strategic move for brokers is to make common-sense adaptions.
The Treasury recently announced it is to extend the chairmanship ofSir Howard Davies for a further two years, allowing him to oversee the
implementation of the Financial Services Authority's new-found powers over
the entire financial services sector in 2004. As all general insurance
brokers must surely be aware by now, this includes them.
The FSA's full powers over general insurance brokers are timetabled to
come into effect in the second quarter of 2004, meaning all brokers must
be compliant with
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