FSA Proposes Tough Complex-Product Measures

The U.K.’sFinancial Services Authorityhas proposed several measures relating to complex products including a ban on non-advised sales and raising the qualification requirements for advisers who deal in the products. The FSA acknowledges that some of the proposals, such as product pre-approval, would tax its resources and limit investor access to more innovative products, but would also prevent problems now facing investors.

Click here to read the release from the Financial Services Authority.