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Trade bodies in instalment bid

Trade associations have agreed to work together to agree a common strategy to attempt to persuade the FSA to allow firms to pay their 2005/06 fees and levies by instalments. The decision was made at a meeting held by the FSA in conjunction with the Small Business Practitioner Panel and the FSCS where trade bodies and credit providers were brought together to develop a market solution. Representatives will be meeting with selected providers shortly to negotiate the terms on which finance might be provided.

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