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Following SIB Consultative Paper 112, entitled "Limit on
Compensation Costs" which proposed to raise the limits which the
ICS could pay in any one year...
Agreement was reached in Geneva on 13 December 1997 to liberalise
the worldwide financial services sector. The new pact should make
it easier for banks,...
The PIA has recently announced the results of its independent
review of the economic and technical basis for the rates used in
projections. The report,...
Paul Anderson considers PIA's training and competence
In January 1998, the PIA finally issued new
Training and Competence ("T&C") guidance...
On 14th January, at a conference jointly organised by the Law
Society's Commerce & Industry Group and Cameron McKenna, Helen
Liddell, Economic Secretary...
In January 1998, the PIA issued its first review of the new
disclosure regime which applies to packaged investment products.
Having asked around 200...
In August 1997, the (then) SIB published Consultative Paper 110 on
proposed changes to the regime governing Collective Investment
Schemes (see FS Brief...
The government has recently announced the final form of the
Individual Savings Account ("ISA"), which will bring major changes
to the savings industry....
The Bank of England Bill has now been published. It contains the
provisions for transferring functions from the Bank to the FSA as
part of the restructuring...
Howard Davis, chairman of the Financial Services Authority, has
indicated that the FSA will toughen its stance on the
responsibility of senior management....
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