Getting priorities in order for FSA authorisation
Q. My firm is planning to apply for Financial Services Authority authorisation before the end of May - what should our priorities be?
This is an almost impossible question to answer without knowing quite how much work the firm has already done and what compliant procedures are in place.
The trade press, insurers and others have all offered advice, briefing papers, and free or low-cost seminars on compliance issues throughout 2003.
While all of these have been useful contributions to the dissemination of information, the reality is that one size does not fit all when it comes to regulatory preparation.
Many firms are in danger
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