The FSA has re-appointed Tim Herrington as chairman of its Regulatory Decisions Committee (RDC).
Established to meet the Financial Services and Markets Act of 2000, decisions made by the RDC include disciplinary actions, the refusal of firms' applications for permission and the cancellation of permission to conduct regulated activities.
Herrington was first appointed as the RDC chairman in February 2005 following a career of nearly 30 years at Clifford Chance. His re-appointment takes effect from 1 January, 2009.
"I am pleased that Tim has agreed to stay on as chairman," FSA chairman Adair Turner says. "His re-appointment will ensure that the RDC continues to provide an objective voice on the FSA's regulatory decisions so that they are fair and in the public's interest."
In addition the FSA board has also appointed Martin Hagen and Andrew Long as RDC deputy chairmen.IFAonline
Set up Vanguard in 1975
‘In the know’
Owen to pay £3m
Lasting power of attorney
Three risk profiles