Regulatory Alerts2013-03-25
Making Temporary Product Intervention Rules
The Financial Conduct Authority issued this policy statement to define the process for creating temporary product intervention rules (TPIRs) effective from 1 April 2013. The document establishes a Statement of Policy that empowers the regulator to implement targeted interventions across financial providers and distributors, while allowing for standard consultation during significant revisions. This framework guides regulated firms, industry associations, and consumer groups in adapting to the new intervention mechanisms and potential rule adjustments.
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