FSA

Get ready for IMD2. Yes, the EU Commission is reviewing the Intermediaries Directive and it is now reaching full consultation stage.

Mark Hoban, the financial secretary to the Treasury, yesterday said the FSA had "consulted extensively" on the RDR after he was again asked about the impact the Review could have on IFAs.

FSA chief executive Hector Sants has been awarded Honorary Fellowship of the Chartered Institute for Securities & Investment (CISI), alongside BBA chief executive Angela Knight.

The FSA is contacting more than 49,000 people to warn them they could be targeted by boiler room share fraudsters.

The FSA may keep the outcome of investigations into HBOS and Bradford & Bingley secret unless it finds wrongdoing.

The FSA has banned a stockbroker from working in financial services following his role in a scheme that set out to ramp up the share price of a technology company.

The rules on giving advice would need to be eased up if the FSA pushes for a rumoured tightening of product regulation, says Legal & General's (L&G) executive director of savings.

An MP at the centre of this week's maiden parliamentary debate on the RDR has hinted advisers should not expect changes to the FSA's adviser charging rules, but says the regulator could "soften" its qualification requirements.

Modest investors who may be priced out of holistic financial advice post-2012 will need less of it anyway as they become auto-enroled into pension schemes, investment manager Vanguard says.

The FSA has cleared RBS of acting fraudulently during the purchase of ABN AMRO, but censured it for making a "series of bad decisions" in the run up to the financial crisis.