FSA and OFT deliver 11 out of 17 'actions'

The FSA has published a progress report on its April Joint Action Plan with the OFT, which set out how the two bodies would collaborate on matters of joint regulatory interest. The report claims they have delivered 11 of the 17 workstreams, while six remain “work in progress”. Those delivered include working closely on payment protection insurance (PPI), unfair contract terms and the implications of the new Consumer Credit Act for the Financial Ombudsman Service. The FSA and OFT say they have also simplified guidance on jointly regulated advertising and developed a programme for li...