The compliance burden on smaller intermediary businesses now represents more than 10% of costs in mo...
The compliance burden on smaller intermediary businesses now represents more than 10% of costs in more than a third of cases. Research from the FSA Small Business Practitioner Panel, which was set up to advise the regulator on how to deal with smaller firms, found that for 35% of smaller businesses, regulatory costs are now 'excessive.' The research, which considers advisory business with 10 or fewer approved intermediaries as a small business, also showed that small businesses felt the regulator had also failed to provide sufficient guidance to firms. The panel also found that six ou...
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