FSA outlines PI proposals
The Financial Services Authority has formalised its rule changes on professional indemnity insuranc...
The Financial Services Authority has formalised its rule changes onprofessional indemnity insurance for personal investment firms with CP
169. Modifications were made in November 2002 to address the difficulty
some independent financial advisers were experiencing in obtaining
compliant cover. The FSA said it had made the changes in order to reflect
the market view as far as possible without posing additional risks to
consumers.
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