FSA eases return form pressures

The volume of information most firms must report every six months in the Complaints Return and Retail Mediation Activities Return will be reduced by around 80% and 30% respectively. The FSA says the changes will enable it to report information more effectively to monitor and mitigate risks to its statutory objectives, while reducing the administrative burden on firms in completing these returns. These proposals are outlined in the FSA's broader Consultation Paper on regulatory reporting, published today. Beginning at the end of last year, the review involved discussions with the indus...