29 Apr, 2008
Prudential Regulation of Personal Investment Firms
The FSA has today published a feedback paper regarding Personal Investment Firms; Capital and PII requirements.
- Increasing the level and quality of capital within a business. Maybe restricting the amount of capital in the form of Subordinated Loans.
- Requiring Firms to take out Run-off cover when they cease to trade
- Retaining current PII requirements.
There is also a debate about risk based capital requirements – something that is unlikely to happen as the implementation costs will outweigh the benefits.
Back to News
Contact Compliant Solutions Ltd Now
Please use the Quick Contact Form below to get in touch with us or call 01376 514166