The Financial Services Authority (FSA) has appointed Mark Rothery as chairman of the smaller business pracitioner panel.
He succeeds Ruthven Gemmell who, having served a two year term as chairman, now assumes the role of deputy chairman for one year.
Rothery is chief executive of the Ancient Order of Foresters Friendly Society.
He states: “My priority for the next 12 months is to build on the good work that Ruthven has done and to ensure that the FSA continues to address the interests of smaller firms, which now constitute over 90% of all regulated firms.”
He says his main aspiration is to ensure the engagement between the panel and the FSA happens consistently at an early stage so the panel can assist the FSA’s understanding of the industry’s position sooner in its thought process.
He adds: “This is especially important as we move towards a more principles-based approach to regulation, and all that entails for smaller firms.”
The panel was established by the FSA in 1999 to represent the view and interests of smaller regulated firms.
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