FSA

IFAs can apply for an optional exemption from the Markets in Financial Instruments Directive (MiFID) but this does not mean they will escape the Directive's effects, according to Stephen Hanks, economic adviser at the Treasury.

The vast majority of financial services promotions are misleading, new research from financial advisers Grant Thornton claims.

The Financial Services Authority is considering scrapping a requirement to adopt only single pricing on open-ended investment companies (Oeics) and might allow fund managers to decide for themselves how to price the units of all investment funds.

The Financial Services Authority (FSA) has barred WeSearch Mortgages and Easylife UK from carrying out regulated activities after they failed to cooperate with the regulator.

The Financial Services Authority (FSA) has barred Cornelius McGee from carrying out regulated activities after he failed to maintain professional indemnity insurance (PII).

The Association of Mortgage Intermediaries (AMI) has welcomed the announcement of a crackdown on mortgage fraud by the Financial Services Authority (FSA) by updating their ‘fraud prevention' factsheet.

Four mortgage intermediary firms have been referred for possible enforcement action following the launch of a fraud reporting system between mortgage lenders and the Financial Services Authority (FSA).

An online "personal handbook" service has been launched by the Financial Services Authority (FSA) to allow firms access to the rules and guidance only relevant to them.

Deutsche Bank has been fined £6.3m by the Financial Services Authority (FSA) for failing to observe proper standards of market conduct and failing to conduct its business with due skill, care and diligence.

Royal Liver Assurance has been fined £550,000 by the Financial Services Authority (FSA) for mis-selling with profits savings policies.