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Regulation

Regulation

FSA plans to share more fine cash with heavily-levied firms

The Financial Services Authority (FSA) is proposing to change the way it shares surplus proceeds from enforcement fines so innocent firms in heavily-levied fee blocks reap more.

clock 28 October 2011 •

Regulation

FSA proposes switch to measure fees on income

The FSA is proposing to change the way it calculates regulatory fees to replace the existing headcount of approved persons with an income measure from 2013/14.

clock 28 October 2011 •

Investment

FSA proposes new rules for banks after packaged account probe

The Financial Services Authority (FSA) has proposed a new set of rules to ensure banks and building societies check customers are eligible for insurance products before selling them packaged accounts.

clock 27 October 2011 •

Investment

Arch Cru investors: Capita ignored FSA's TCF charter

Thousands of Arch Cru investors have written to their MPs today accusing Capita of intentionally violating the Financial Services Authority's treating customers fairly (TCF) charter.

clock 26 October 2011 •

Regulation

Industry warns MPs of 'turf wars' between regulators

Industry figures have told MPs they fear "turf wars" breaking out between different regulatory bodies, and called for the Financial Conduct Authority (FCA) to be more accountable.

clock 25 October 2011 •

Europe

AIFA seeks support from IFA-friendly EU countries

The Association of IFAs (AIFA) is seeking to build cross-country support with other European Union member states which have a growing IFA population.

clock 25 October 2011 •

Europe

MEP calls for independent impact assessment of MiFID II

Syed Kamall, member of the European Parliament for London, said he is "not impressed" with the European Commission's assessment of the impact of EU regulation on the UK, and has called for an independent review of proposals to only ban IFAs from receiving...

clock 24 October 2011 •

Regulation

EU may ban credit ratings for bailed-out nations

European regulators may be given new powers to suspend credit ratings of countries seeking or undergoing bailouts to prevent the "negative spillover effects to other countries", according to proposals for tougher regulation issued by the European Commission....

clock 21 October 2011 •

Investment

Greatrex: Arch Cru fight will go on in Westminster

The MP who this week had his calls for a government inquiry into the controversial £54m Arch cru investors' payment scheme dismissed by the Treasury, has said the fight for answers will continue in the corridors of Westminster.

clock 21 October 2011 •

Regulation

Lord Turner: Last 20 years punctuated with 'waves of mis-selling'

The chairman of the Financial Services Authority (FSA) has suggested Parliament will have to give the Financial Conduct Authority (FCA), one of its successor bodies, even greater powers to protect consumers.

clock 21 October 2011 •
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