FSA recognition of trade bodies could raise fees - threesixty

Ahead of its official response to December's RDR paper CP09/31, the support services provider highlighted its concerns to members via an internal document. Summary on CP09/31 says existing trade bodies may have difficulty achieving FSA-recognised status in their current form given the high-level monitoring functions they will need to perform to meet the regulator's latest proposals. The cost of carrying out the extra tasks would increase the financial burden on the professional bodies, which in turn would fall on members, it says. In its latest proposals, the FSA abandoned plans fo...