IT Managers criticise FSA for setting unrealistic reporting deadlines
IT managers have criticised the Financial Services Authority for setting ‘unrealistic deadlines’ and ‘not understanding the complexity of the compliance task’ laid out in the FSA’s Policy Statement 04/9.
The policy outlines new regulations for the collection and reporting of sales, financial and compliance data for general insurance products, mortgages and other financial products. Companies failingOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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