View the article online at http://citywire.co.uk/wealth-manager/article/a639384
FSA consults on plans for product intervention rules
by Emma Dunkley on Dec 03, 2012 at 11:47
The watchdog added: ‘Where there is high risk to consumers, FCA might make a rule change to ban a product but it would only do so in very serious circumstances.
‘Other possible interventions, which would not necessarily require changes to rules, would include issuing warnings, or using supervisory powers to require firms to amend promotional materials.’
The consultation runs until 4 February next year.
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