The cost of compliance
Since the FSA became the financial services industry regulator, the regulatory issues for solicitors firms that give financial advice has multiplied. Tim Thornton Jones takes a look at the problems and options for solicitor investment managers under the new regime
On 1 December, 2001 the world changed for those involved with investment management. After many delays and postponements, 1 December finally became N2 – the date that the Financial Services Authority (FSA) became the regulator of the entire UK financial services industry.
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