IIB calls for FSA to be more accountable
In its response to the HM Treasury consultation on proposed changes to the Financial Services Markets Act 2000, the Institute of Insurance Brokers has called for a Financial Services Authority Rules and Regulations Appeals Procedure to be incorporated in the proposed Regulatory Reform Order.
In a statement it said: "One of the IIB’s major concerns with the current regulatory regime is that the ‘unelected’ (by the regulated community - in any proportion), FSA Board is able to make rules
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