FSA warns travel firms to act now or risk losing insurance business
The Financial Services Authority has warned travel firms who currently sell insurance alongside a holiday or other related travel - known as Connected Travel Insurance (CTI) - to apply for authorisation now or risk losing this business when CTI regulation comes into force on 1 January 2009.
By 8 December, the FSA had received only four applications for direct authorisation and 71 Appointed Representative (AR) applications, which represents only a proportion of the firms in the travel
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