Institutional investors are preparing to take a stand against an FSA diktat clamping down on contact between the City and the press.
The FSA last month told the firms it regulates to introduce stifling procedures designed to stop bankers talking to journalists about deals, but applying to all firms under its jurisdiction.
The regulator said firms should establish "a robust anti-leaking culture", effectively stopping staff from speaking to the media without specific authorisation from the press office.
Concerns over the move were raised at a confidential gathering on Monday at the Association of British Insurers (ABI), at its regular Investment Committee meeting, writes the Telegraph.
Institutional investors are angry that they were included in the scope of the edict, which they say will needlessly increase their burden of bureaucracy, and have taken legal advice.
Succeeding co-founder Simon Rogerson
Janus Henderson Global Dividend Index
More than 10 million shares allocated
Long-term strategic holding
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