View the article online at http://citywire.co.uk/wealth-manager/article/a589638
The FSA's 166-rule costing discretionaries millions
by Sarah Miloudi on May 22, 2012 at 07:00
Compared to the 114 reports commissioned over the 15 months since January 2011, 90 were ordered over the eight months to December 2010 and 88 the year before.
An FSA spokesperson said: ‘The FSA only makes Section 166 orders where we believe the action is suitable and proportionate, and we take into account the cost to the firm as part of this.’
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