Clifford Chance
FSA Discussion Paper on Product Intervention
11 February 2011
On 25 January, the FSA released its first discussion paper of the year: DP11/1 Product Intervention. The title is blunt, even provocative.
Since the onset of the financial crisis, the FSA has sought to distance itself from its reputation as a light touch regulator and to take “a more interventionist and preemptive approach to regulating conduct”. The discussion paper proposes to advance this agenda by restricting or prohibiting the retail sale of certain products.
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