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Financial services regulatory update: consumer protection, financial promotions and retail investments

Overview

This weekly round-up of financial services regulatory developments from Macfarlanes includes:

- The FSA's publication of a discussion paper to open a public debate about how the FSA, and in future the proposed Consumer Protection and Markets Authority, should pursue the issue of product intervention in order to enhance consumer protection in the retail financial sector.

- The FSA's Guidance Consultation on financial promotions, which specifically focuses on the advertising of ISAs and adverts for investment professionals.

- The FSA's policy paper on the distribution of retail investments, the Retail Distribution Review (RDR) and professionalism.

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