Providers fight factoring ban

Blackmore, Nicole
July 2009
Money Marketing;7/9/2009, p2
The article reports on the protest of financial services providers against the Financial Services Authority's (FSA) rule that prohibits factoring in Great Britain in 2009. FSA clarified in its retail distribution review (RDR) that provider companies should not offer advance finance to advisers out of their own funds. However, it is explained that the regulation is designed for the welfare of providers but FSA should be able to show the advantages to the industry.


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