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News

BBA – PPI and complaints handling »
The BBA have published a press release stating "The BBA's members will continue to handle all PPI-related complaints in accordance with FSA rules. Where the assessment of the complaint would not be affected by the judicial review, these complaints will be handled in the normal way. If your complaint will be impacted by the judicial review, and cannot be resolved at this point, then your bank will write to inform you.
BBA - Launches business finance taskforce »
Regulatory News October 2010
BIBA responds to proposals for change to the regulatory framework »
The British Insurance Brokers' Association (BIBA) has demanded a more proportionate and cost effective regulatory regime for the insurance intermediary community in its formal response to the HM Treasury consultation paper on a new approach to regulation. BIBA prepared and submitted a formal two-part response to the consultation which was based on the comments of a cross-section of members.
FSA launches regulatory fees and levies discussion for 2011/12(CP10/24) »
The Financial Services Authority (FSA) has issued Consultation Paper CP10/24, entitled ' Regulatory Fees and levies - policy proposals for 2011/12', which sets out a number of changes affecting certain firms under the FSA, the Financial Ombudsman Services and the Consumer Financial Education Body.
FSA announces chairman of new consumer education body »
The FSA has appointed Gerard Lemos as chairman of the Consumer Financial Education Body (CFEB). Lemos is a partner at social researchers Lemos & Crane where he leads the research team.
FSA granted new consumer redress power »
The FSA has been granted a new power to deliver prompt and effective redress for consumers from firms that have not followed its rules. The new power will be used in instances when there is evidence of widespread or regular failings that have caused consumer detriment. It is a rule making power, so the FSA must undertake cost-benefit analysis and consult each time it wants to establish a redress scheme.
FSA bans broker for overcharging »
The FSA banned Paul Cable, director of Media and Entertainment Insurance Services Limited, from acting as an approved person for at least two years for attempting to overcharge a client by £89,000. The FSA has also cancelled Media and Entertainment Insurance Services Limited's permission to undertake any regulated activities.
Should Section 22 of the Marine Insurance Act be repealed? »
The Law Commission has issued the last of its issues paper for 2010 in its project to reform insurance contract law. Issues paper 9 looks at whether there is still a need for formal "policies" in marine insurance.
Regulatory News Mortgage Professionals September 2010 »
FSA - HANDBOOK DEVELOPMENT NEWSLETTER
Regulatory News Life and Pensions September 2010 »
FSA - Handbook development newsletter

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