FSA introduces interim measure for late applicants
The Financial Services Authority has backed down on its position regarding unauthorised intermediari...
The Financial Services Authority has backed down on its position regarding unauthorised intermediaries with the introduction of interim authorisation.
According to its statement, the Treasury will now allow firms who submit a completed application by 14 January 2005 but who have not received a final decision from the FSA by that date to continue trading until a decision is reached (or for a year if that is a shorter time).
This new measure affects two groups of firms - those that apply late, but
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