6 July 2009
APCIMS welcomes tougher approach from FSA
Commenting on the FSA’s announcement today about increasing fines to achieve credible deterrence, David Bennett CEO of APCIMS said:
“APCIMS welcomes FSA proposals for a clear and consistent framework of fines but believes that early and effective enforcement is key to ensure deterrents are credible.
We believe this important measure will assist the FSA in the delivery of its credible deterrence strategy. A modern but proportionate response is required for individuals and firms caught in enforcement actions.”
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For more information please contact:
Dirk Paterson, Head of Communications, APCIMS
on 020 7448 7100
Mobile: 07944 866 286
Email: dirkp@apcims.co.uk
Notes to editors:
APCIMS
- More than 12 million people in the UK currently invest directly in stocks and shares and other financial instruments to secure their financial futures
- APCIMS represents over 140 firms all over the UK who deal primarily in stocks and shares on behalf of individuals and the institutions in which we have our money
- Around £400 billion of the country’s wealth is under the management of our members
- Our aim is to ensure that the regulatory, tax and other changes across Europe minimize impact on the investment community
- We want to lead the debate on regulation in Europe, with UK regulators and with British parliamentarians to make sure consumers are protected while at the same time our industry flourishes in the UK.