FSA moves to simplify rule books
The Financial Services Authority today set out the first phase of its programme to simplify its Handbook and remove unnecessary Rules and Guidance from the Approved Persons regime, the Training and Competence regime and its Anti-Money Laundering rules. It has also outlined a major review of the retail Conduct of Business regime.
The FSA commented that the Handbook review programme will focus on eliminating or changing requirements which are more restrictive than needed to achieve the FSA's statutory objectives, which do notOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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