The Financial Conduct Authority (FCA) has announced plans to remove a number of what it said are "ineffective communication requirements" from its handbook for firms.
PMI publishers Craigdallie have published a PMI Handbook for advisers.
Regulation levels have barely increased since the beginning of the financial crisis, according to BDO Stoy Hayward.
Intermediaries offering services into the UK market from other EEA states may escape the 'fit and proper' test under FSA Handbook amendments developed in reaction to MiFID.
The Financial Services Authority is proposing to make changes to the enforcement and decision making sections of its handbook, claiming it will make the material shorter and simpler.
Firms will have to pay to receive the monthly CD-ROM containing the Financial Services Authority's (FSA) Handbook if proposals to end its free distribution are implemented.
The Financial Services Authority says it is delaying changes to the FSA Handbook on Training and Competence and the Approved Persons regime as a proposed EU directive could affect regulatory rules.