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Trade bodies welcome FSA&#39s approach

IFA representatives welcomed the regulator’s new risk based approach at the IFA UK conference in London this week.

Representatives of Aifa, Sofa and the LIA all said that supported the regulator with its new emphasis to policing firms on the basis of the risks involved with that business.

Sofa chairman Peter Williams said: "Risk based and theme-based visits are an important part of the new regime."

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