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Is the FSA likely to instigate a review of past business in the future?

April 26, 2017Business FSA future instigate likely past review

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Is the FSA likely to instigate a review of past business in the future?

1 Answer

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We cannot assure you that we will not recommend such a review in the future, since we must meet our statutory objective of consumer protection. However, under section 404 of FSMA, we require approval from the Treasury and both Houses of Parliament before a review may take place.