What does 'enhanced supervision' mean for small firms?

With the FSA’s “enhanced supervision strategy” for small firms two thirds complete, the regulator recently outlined its plans for even more intensive supervision of small intermediary firms. The big question, clearly, is what will ‘more intensive supervision’ look like? From what we can gather, the following are the areas likely to be firmly on the FSA’s small firms’ radar during 2010. Firms who have been on the receiving end of an FSA Treating Customers Fairly (TCF) Assessment over the last couple of years will already have had some insight into the FSA’s more intrusive approach. The...