26 January 2004

FINANCIAL SERVICES AND MARKETS ACT 2000: RECENT DEVELOPMENTS

Bulletin number 37 from HM Treasury

FSMA two year review: promotions to high net worth and sophisticated investors

The Financial Secretary to the Treasury, Ruth Kelly MP, announced as part of her statement to Parliament on the two year review of FSMA that the Treasury would consider whether further steps were possible to reduce the extent of financial services regulation on promotions to high net worth and sophisticated investors.

A public consultation document on this issue was published today. It can be accessed via the Treasury’s website

A copy of the Financial Secretary’s statement to Parliament on the two year review is also available on the Treasury website.

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Eve Engledow
Financial Stability and Regulatory Policy
HM Treasury
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London
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Telephone: 020 7270 4381
Email: eve.engledow@hm-treasury.x.gsi.gov.uk