UK: The Financial Service Authority (FSA) has Published a ‘Quick and Easy’ Regulatory Guide for Small Firms

The FSA has published a ‘quick and easy’ six-page guide to FSA regulation for small firms. (See: Quick Guide For Small Firms). The guide highlights key aspects of FSA regulation relevant to small firms and provides links to further information on the FSA website. (Click here to review the highlights).

The guide provides brief information on: 

• Why the FSA regulates;
• The Principles for Business;
• Treating Customers Fairly;
• Threshold Conditions;
• Approved Persons;
• Senior Management Responsibilities; and
• Reporting Information.