Treasury moves to implement the EU Distance Marketing of Consumer Financial Services Directive "will mirror" the OFT's reminder released this week that businesses must take note of distance selling regulations.
The Directive lays down rules on credit cards, investment funds, pension plans and other products sold to consumers via telephone, facsimile or the internet. Research has found most businesses are unaware of existing non-financial services distance marketing rules the OFT is responsible for overseeing. Distance selling of financial services to consumers is not covered by the OFT's responsibilities – that falls to the Treasury and FSA to work out - but a spokesman for the Office says the rules when they do come about will reflect what has been highlighted by the rules governing sellin...
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