FSA rules cover net funds

There is no need for a specific regulatory regime to cover advertising and selling financial services through the internet, according to solicitors Field Fisher Waterhouse. Kirstene Baillie, head of investment funds and product group at the firm, told a conference on e-commerce and internet compliance for the financial services industry that financial providers should not create a set of detailed rules just for online business. Baillie said: "Financial services regulation rightly concentrates on the product and what one communicates about it rather than how the communication is made. The ...