The Financial Services Authority (FSA) has issued a new guide that will help advisers selling genera...
The Financial Services Authority (FSA) has issued a new guide that will help advisers selling general insurance get to grips with the impending regulation.
The publication, Mortgage and General Insurance Regulation: a Guide for Firms, explains the consultation process, the proposed timetable for the impending regulation and covers a series of frequently asked questions.
Sarah Wilson, director of the FSA's High Street Firms division, said: 'Regulation of the mortgage and general insurance sectors will impact on a wide range of firms and businesses. We are committed to creating proportionate regimes sensitive to the range of products and consumers in these markets. To do this, we need to consult effectively with a wide range of parties. This introductory guide is an important first step in communicating with firms that could be affected, and is designed to provide information that will help them engage in the full consultation process when it starts.'
High Street Firms, a new division of the FSA, has been set up to deliver the FSA's new regulatory remit to the general insurance industry.
• For a copy of the guide call 0845 608 2372.
