FSA publishes new rules
Standardised data must be included in advertisements referring to past performance under new rules p...
Standardised data must be included in advertisements referring to past performance under new rules published by the Financial Services Authority (FSA). The rules, which will come into force on 1 June, will prevent firms 'cherry-picking' data to present their past performance in a flattering light. The standardisation measures form part of an overall package aimed at cleaning up the way in which past performance information is used in advertising.
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