Article

17 January 05

FSA rulebook changes

Financial Services Authority has amended its rulebooks to clarify the duty of an authorised professional firm to comply with the rules of the FSA and/or its designated professional body

The Financial Services Authority has made amendments to its rulebooks in order to state more clearly within the FSA’s rules that all authorised professional firms are required to comply with the rules of their designated professional body (the Society), or the FSA’s rules, or a mixture of both of them when such firms conduct incidental financial business (non-mainstream regulated activities). The changes are contained in an amendment to the Insurance Conduct of Business Sourcebook at rule 1.2.10 and an amendment to the Professional Firms Sourcebook at rule 5.4.1.
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