The Financial Services Authority today issued a
report detailing progress made on its work on split capital investment trusts.
The report covers:
- proposed improvements to the governance of investment trusts generally;
- the FSA's continuing supervision of regulated firms operating in the industry (the FSA does not regulate investment trust companies); and
- the continuing enforcement investigations in allegations of mis-selling and collusion and market manipulation.
Separately, the Financial Ombudsman Service (FOS) is publishing its own update on progress in handling complaints.
The full text of the FSA's report is appended to this press release. The FOS report may be viewed at
www.financial-ombudsman.org.uk.
