FCA new Directory proposal a win for consumers, says CISI's CEO Simon Culhane

by Lora Benson | Jul 05, 2018


Simon Culhane, Chartered FCSI and CISI CEO said: “We are very pleased to see that the FCA is proposing a new Directory to help consumers and firms check the status and history of those working in financial services. This sensible and important development follows advice and feedback we gave to the FCA following their consultation earlier in the year. We first raised this oversight back in April 2016 when news of the abolition of the Approved Persons Register was announced by the Treasury in March of that year. The FCA’s reinstatement of this maintained and improved register will help build trust and confidence in the financial services profession with consumers. This is a win for consumers.”