FSCP has responded to FSA’s guidance consultation on retail product development and governance for structured products. It described the results of the review FSA carried out before producing the guidance as “deplorable”, leading to the possibility of significant consumer detriment. It urges FSA to take action against firms whose non-compliance has led to mis-selling, misinformation or risk to consumers’ interests. (Source: FSCP Responds on Structured Products)
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FSCP responds on structured products
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