New reporting platform for third-party IFA and direct clients
Financial intermediaries may be able to challenge regulatory action taken against them if it is based on data electronically-submitted to the Financial Services Authority (FSA.
The FSA has released a timetable for introducing changes recommended in PS04/9, which leaves few excuses for those who do not adhere.
Focus Solutions says it already has a tool ready to meet the FSA's electronic reporting requirements, which combines data translation capabilities with the ability to handle multiple administration systems.