FTAdviser.com

Advertising

Previous work to develop a clear view on the scope for read-across of RDR ideas and approaches will be built upon in 2009 to 2010, the regulator promised.

The FSA stated the work would recognise the different ways various markets work and the regulator promised to consult widely before bringing forward any detailed proposals.

The City watchdog stated: "Where it becomes clear that developing proposals for the RDR consultation paper would create practical difficulties for firms operating across markets, we will consider what adjustments need to be made to prevent that."