Beachcroft: FSA product intervention marks “a major U-turn” in approach
Matthew Rutter, financial services partner at Beachcroft, has said the FSA’s feedback statement on product intervention – its powers to stop or intervene over financial services products – marks a major U-turn in its approach.
The FSA today published its Feedback Statement on product intervention - its powers to stop financial institutions from issuing certain products or dictating their terms.
The proposals could apply to
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