IMA responds to FSA proposals

This week the IMA gave its response to the FSA's discussion paper on 'wider-range retail investment products'. Central to its response was the call for a single regulatory regime to be established for all retail investment vehicles. It dismissed the FSA's proposals for the creation of a 'sophisticated products' category as unnecessary and said it should move away from the historic baggage associated with terms such as 'packaged products'. What is the potential impact of both the FSA's proposals and the IMA response? One of the key points in the FSA proposals was the segregation of a 'comp...