Independent Financial Advisers should soon spend more time with their clients and less time ploughing through regulatory consultations if the FSA's plans to shorten documents from April 2004 go ahead.
Decision to truncate the number of pages of forthcoming documents follows the regulator's aim to HALVE the number of consultation and discussion papers it will publish in the financial year 2004/05 compared with the previous one. In one breath, the FSA hopes to shorten documents by combining executive summaries with introductions, make sure each CP and DP will contain a "core document" of no more than 40 pages. The core document will also include a short summary of the CBA. In the next breath, however, the FSA says advisers looking for further information are likely to find it in an an...
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