UK regulator announces its principled approach

Author: | Published: 1 Jul 2007

In what it calls a significant move to principles-based regulation, the UK Financial Services Authority has made changes to its conduct of business rules.

In making the changes the regulator published a policy statement that it says will lead to a "radical simplification" of the rules firms need to follow in carrying out investment business.

Reform of the regulator's conduct of business rules is a...