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Changes for disclosure

The FSA is calling on advisers to ensure they make their status as tied or independent clear to consumers as it publishes proposals on changing the disclosure regime.

It will look at all aspects of product and status disclosure, with the view to help consumers better understand the financial products in which they invest.

The FSA also has plans to introduce enhanced regula-tions on mortgage disclosure.

It says disclosure has worked well but cha nges need to be made to ensure consumer understanding. It is inviting the industry to provide its views on what needs to be changed to make disclosure clearer to the consumer.

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