A key principle of the UK Financial Services Authority’s approach to regulating e-commerce and internet delivery of financial services is that it is technology neutral: the same general regulatory principles apply equally to e-commerce as to the regulation of “conventional” financial services. We are not in the business of creating a different or more onerous regime for e-commerce simply because it employs new technical features.
Central to the FSA’s approach is the need for senior managers to have a close grip on their firm’s internet strategy.
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