Time to get client money right – FSA visiting firms across the UK to look for improvements
The Financial Services Authority (FSA) will be visiting 200 firms across the UK that hold client money to see if there has been an improvement since it published the findings of its first round of client money work in April this year. It will be visiting general insurance brokers, motor traders and other firms that sell insurance alongside their main business between September and December and London market brokers from September into 2007.
In April the FSA said firms need to do more to meet their obligations and get their client money calculation right. It produced a client money guide to help firms understand what they need to do and
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