FSA has published notices of undertakings by Investec Bank plc and Morgan Stanley International plc. In each case, it believed the investment plan terms gave the firm a broad discretion to cancel customer contracts so that customers may not know when the firm could cancel or have an opportunity to rectify a breach. The firms have agreed to new wording which makes their position clear. (Source: Notice of Undertaking – Investec Bank plc and Notice of Undertaking – Morgan Stanley International plc)