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UK FSA Skilled Persons Appointments, Contributed by Alison McHaffie, CMS Cameron McKenna LLP

Thursday, December 22, 2011
The Financial Services Authority (FSA) has the power to require a firm to provide a report by a Skilled Person, and may use this power to support both its supervision and enforcement functions. The FSA is making increasing use of this power at significant cost to firms: in 2009-2010 the total costs to firms of these reports was

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