News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

SI offers securities insurance against FSA

The Securities Institute is offering its members an insurance policy that offers individual indemnity from the legal costs of Financial Services Authority investigations.

The FSA's regulations, which are due to be introduced on December 1, will hold individuals responsible for compliance with regulations, rather than their employers. Many firms are angry at the proposals and have had to reorganise executives' responsibilities to satisfy the FSA's proposals.

WSJ Logo