Taking aim on FSA accounting
With the date of Financial Services Authority regulation getting nearer, Edward Fox advises brokers how to ensure their accounts are in order.
General insurance brokers and intermediaries could be forgiven forbeing tired of hearing about regulation. Recently there have been so many
changes, proposals, consultations and statements that it can be hard to
know what is important and what is not.
But, with the Financial Services Authority assuming responsibility for
regulating general insurance brokers in 2004, financial and
solvency-related regulations will be an important part of the future
regulatory environment.
While the FSA has remained
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