The FSA has raised concerns over the implementation of key European directives including MiFID and the proposed regime for packaged retail investment products (PRIPs).
Speaking at the Chartered Institute for Securities & Investment annual conference, FSA director of conduct policy Sheila Nicoll said the regulator is forging ahead with the UK's retail distribution review (RDR) despite ongoing regulatory uncertainties in Europe. "We are often asked why we are going ahead with the RDR in advance of developments in Europe," said Nicoll (pictured). "I will repeat here we feel there are significant issues to deal with in the UK market, and we should not wait and depend on an uncertain European timetable before sorting them out." However, Nicoll said th...
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