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Watchdog under fire to extend guidance-based period
FSA should allow more time for IFAs to comply with MiFID and the CRD, Aifa has argued.
Tony Byrne, managing director of Milton Keynes-based IFA Byrne Williams, said: "In theory, the move towards guidance over rules is a positive move but I think in reality it is doubtful whether it will improve efficiency or result in improved service for customers."