Isis chairman queries FSA consultation paper content

David Kinloch, chairman of Isis Asset Management, has questioned the balance of some of the FSA's recent consultation papers, suggesting that in some cases, their content and direction has been unsound. Commenting as the group released its interim results for the six months to the end of June 2003, Kinloch noted the additional administrative burden and costs involved by these consultations did not seem to be justified by improved investor protection or other benefits for the buyers of investment products. He said: 'I urge policymakers and regulators to focus on good regulation and invest...