Sants: FSA 'not anti-small firm'

Giving evidence before the Treasury Select Committee on RDR, Sants was presented with the argument there was an institutional bias in favour of larger businesses. Sants replied: "There is no anti-small firm objectives. I've gone out of the way to encourage awareness of the small firms agenda within the FSA. "We hve made a large effort to reach out to small firms and help them improve the offering they make to investors." Pressed on the question of how many FSA staff have worked in firms with fewer than ten members of staff, neither Sants nor Sheila Nicoll, the director of conduct p...