CII dispels 'myth' IPSB will be 'more regulation'

The Institute says concerns over what it calls "regulatory duplication" will be resolved by the IPSB having an "unambiguous demarcation" of its role as opposed to the FSA or FOS, as well as a "clear statutory role". "There has been some confusion about whether an IPSB would be another professional body," it states. "As envisaged, it would have a very specific role sitting above, rather than duplicating, the functions of what existing professional bodies do." Dual regulation was one of three 'myths' the CII today moved to dispel ahead of the introduction of an IPSB, one of the RDR's ce...