FSA takes action against 130 companies

The Financial Services Authority's work over the past year to maintain standards among smaller financial firms saw more than 130 firms take corrective action to the way they operate, a statement said today.

The regulator added that 30 firms will lose or have their authorisation to do business changed.

The FSA's threshold conditions team (TCT) deals mainly with small regulated firms that are not meeting

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City minister Siddiq is replaced by Reynolds

Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.

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