“The market doesn’t like uncertainty. We’d like to operate in an environment where we understand what it is that is being proposed, but currently the basis on which the FSA might choose to exercise or not exercise the power is not terribly clear.”

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

“The market doesn’t like uncertainty. We’d like to operate in an environment where we understand what it is that is being proposed, but currently the basis on which the FSA might choose to exercise or not exercise the power is not terribly clear.”

—Timothy Hailes, chairman of the Joint Associations Committee, in response to a recent consultation paper issued by the Financial Services Authority on the Financial Conduct Authority’s use of temporary product intervention rules.

null

Related articles

Gift this article