Risk.net

FSA proposes increased transparency disclosure

Code of conduct for regulatory disclosure of company information under discussion in a new paper released by the UK’s FSA

LONDON – The UK Financial Services Authority (FSA) has published a discussion paper on the future disclosure of information about regulated companies and sectors in financial services, as part of increased transparency efforts within the industry.

The FSA says more firm specific and broad industry information could lead to easier compliance for firms, consumers and markets. The discussion paper contains a code of practice regarding FSA decisions on information disclosure and the types of information that would come under consideration for publication.

The paper acknowledges the market’s often “polarised views” on transparency, saying it wants to initiate a debate of proposals with those affected in the industry. The paper also stresses the distinction between making information available to aid best-practice principles rather than disclosures that could result in confusion or a negative affects.

Hector Sants, chief executive of the FSA, says: “We believe that transparency is an important regulatory tool, and as an organisation are committed to being open and transparent. The discussion paper seeks to initiate debate on how we can better utilise transparency to achieve our regulatory aims, and in particular proposes a code of practice.”

The discussion paper is available for industry comment until August 29
UK regulator out with liquidity feedback

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here