FSA officials say they may hold back publication of long-awaited papers on depolarisation and invest...
FSA officials say they may hold back publication of long-awaited papers on depolarisation and investment advice until January to ensure as many people as possible see the documents.
Previous comments by FSA representatives suggested the regulatory body wants to publish all remaining polarisation and advice-based papers before Christmas.
However, the FSA is concerned it will upset the industry if documents are published too close to Christmas, so the Depolarisation paper may be held over until everyone returns to work in January.
Publication of several key documents - including proposals for reform of Training and Competence arrangements as well as mortgage regulations - have had to been delayed until plans for advice are revealed, because advice is a key element of most current FSA consultations.
As a result, the follow-up to DP9 Training and Competence paper which was originally meant to be published in September, is now being held back at least until the Depolarisation paper is published.
At present, there are four important FSA papers expected to be published in December, however, all may be held over until the New Year because consultation on the new advice regime needs to be unveiled first.
The following consultation documents and papers were previously expected to be published in December:
Initial review of investment advice (T&C)
General insurance and mortgage regulation
'Integral part' of the financial planning process for many advisers
Proposals outlined at Labour Party conference
Finance industry working to stop fraud
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