The FSA is like the character from comedy series Little Britain whose answer to every question is "the computer says no", Mark Garnier MP said at a meeting this morning.
In the TV sketch show, a rude and unhelpful travel agent answers all her customers questions by typing manically into a computer, which always returns the same negative response.
Garnier, who has been fighting for more Parliamentary scrutiny of the RDR alongside MP Harriett Baldwin, made the remarks amid a barrage of criticism from IFAs and industry experts about the regulator's handling of the rule change.
One IFA said the FSA is a "steam roller" being pushed by "London-centric IFAs" bent on ignoring the growing pressure from Parliament to review the RDR.
"London-centric IFAs are still dealing with the steam roller mindset, asking how can we deal with what the FSA is imposing rather than questioning should this be going ahead."
Garnier, a partner at investment management company Severn Capital, said when he called the FSA to discuss an accounting error he faced a similar attitude.
"It was like something out of Little Britain's "the computer says no" scene," he told delegates at the London event organised by adviser portal Panacea.
Next year the influential Treasury Select Committee (TSC) will look into who will write the rule book for the new regime and what it will include, he said.
The TSC, on which Garnier sits, is currently calling on industry professionals to send in evidence on the impact of the RDR ahead of a scrutiny hearing, also scheduled for the New Year.
Baldwin, who called the first ever Parliamentary debate on the RDR in October ahead of a longer one in the Commons last month, said from now on the regulators can expect "much greater scrutiny" from MPs.
"The FSA is an independent statutory regulator but it is accountable to the Treasury.
"Independent financial advice is something to be treasured. The RDR will give an advantage to bank advice."
However, she said the main problem with the RDR is the "cliff edge" nature of the 31 December 2010 deadline.
IFAonline understands MPs are locked in talks with the FSA over softening its approach to the cut-off date, after which advisers not at QCF Level 4 can no longer practice.
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