Watchdog expresses data protection concerns over EU financial services reforms

Banks Proposed EU legislative reforms to the financial sector do not contain adequate protections over how personal data might be processed, the EU's own data protection watchdog has said. 14 Feb 2012

Funding increase of 15% for FSA 'could be passed to consumers', ABI warns

A "massive increase" in regulatory fees proposed by the Financial Services Authority (FSA) to cover its programme of work for 2012/13 will inevitably be passed on to small companies and private customers, an industry body has warned. 06 Feb 2012

Out-Law Guides

  • Product intervention

    This guide is subject to UK law and was last updated on 7th February 2011. How far should a financial regulator be allowed to interfere with product design and price in the interests of protecting...

  • The FSA's remuneration code

    This guide is subject to UK law and was last updated on 19th January 2011 . Over 2500 financial services firms are likely to be affected by changes to the Remuneration Code which came into effect o...

  • Financial promotions using new media

    This guide is based on UK law and was last updated on 15th June 2010. Firms using new media channels such as Twitter and Facebook to advertise financial services and products still need to abide by...

  • What is a platform?

    This guide is subject to UK law and was last updated on 5th May 2010. A platform is an online service that allows financial advisers to manage their clients' investment portfolios. Some platforms c...

  • The Payment Services Directive

    This guide is based on an EU Directive and how it applies in the UK. It was last reviewed in September 2009. The aim of the Payment Services Directive (PSD) is to enhance efficiency, competition an...

  • Distance marketing of financial services

    This guide was last reviewed in 2008. The European Union's Directive on the Distance Marketing of Financial Services (the "Directive") came into force on 23 September 2002. It governs the sale of...

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