In its fourth annual report, the panel also called on the FSA to make its Handbook of Rules and Guidance more navigable.
While the sheer overload of regulations and cost of compliance are stretching the limited resources of small business, the panel says lack of clarity means businesses are in danger of inadvertently acting in a non-compliant way.
And with professional indemnity cover for some firms providing financial advice rising many times over, the panel asked the FSA to take urgent action to mitigate the ‘inadequacies’ of its Handbook of Rules and Guidance.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements