Financial Services Authority (FSA) has confirmed that its
supervision of companies will follow guidelines issued by Mifid
Connect from 1 November, in what Mifid Connect chairman,
Anthony Belchambers described as "the first test of FSA process
for recognising industry guidance".
"We think it is right to pro-actively confirm this Mifid
Connect guidance ahead of our formal response later this year
to the comment we have received on the industry guidance
discussion paper" said Michael Folger, FSA director of
wholesale and prudent policy.
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