FSA moving to "virtual visit" reporting

Speaking at the FSA’s first retail intermediaries conference in Birmingham, Charles Woods, manager of the FSA small firms division, revealed in a brief overview of the new Integrated Regulatory Returns website, the FSA will be gathering a firm’s product sales data, complaints, standing data and requires financial intermediaries meet its Retail Mediation Activities Return requirements on a six-monthly basis. However, Simon Collins from the recently-formed Association of Professional Compliance Consultants, also warned the work required to meet these reporting requirements is substantially...