Submitted on Friday 2nd December 2011
Published on Monday 5th December 2011
Current status: Closed
Closed: Wednesday 5th December 2012
Object to senior officers of the FSA making pronouncements without due consultation or authority which may affect markets
Following the recent pronouncement regarding Life Settlement Funds, which had a detrimental effect on a whole asset class and the investors in that asset class, we would like specific guidance in place to stop senior members of the FSA from speaking publicly about their own opinions relating to any asset class or product, without first having received authority from the FSA following the publication of consultation relating to that issue.
Then, if they are speaking on behalf of the FSA, there should be some recourse from affected parties against the FSA for any business losses incurred that could be proven to lead from the offending statement.
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