Sheila Nicoll spoke to the Chartered Institute for Securities and Investment annual conference. She gave a regulatory update that focused on:

  • the “Dear CEO” letter on wealth management (see above);
  • the Retail Distribution Review (RDR): she said FSA will publish a paper in the summer outlining its thinking on areas that are still outstanding;
  • why FSA is continuing to press ahead with the RDR despite European initiatives and how UK regulators are trying to shape EU thinking;
  • how to address the risks of exchange-traded products, both domestically and where they are “passported-in”; and
  • funding the Financial Services Compensation Scheme.

(Source: Speech by Sheila Nicoll to Chartered Institute for Securities and Investment Annual Conference 2011)