City PR lobbies to be part of FSA decision making

Representatives of City and financial PR advisers are lobbying the Financial Services Authority to gain PR representation on a powerful committee of policy makers to be formed by the super-regulator.

Representatives of City and financial PR advisers are lobbying the

Financial Services Authority to gain PR representation on a powerful

committee of policy makers to be formed by the super-regulator.



The committee will advise the FSA’s board on policy and among other

things will look at the implementation of new regulations concerning

information disclosure and codes of conduct for City PR people.



Members of the practitioners committee will be drawn from City

professions including bankers, brokers, lawyers, and accountants.



Stewart Prosser, chairman of the IPR’s City and Financial group, which

is lobbying to be represented on the committee, has told the FSA that he

supports its proposals to explore new regulatory standards.



’The FSA is empowered to put pressures on the way people speak

publicly.



We want to be involved in any discussions,’ said Prosser.



The FSA has yet to agree to include PR advisers and is still drawing up

its final plans for the committee. It is set to produce recommendations

for the regulation of City PR for implementation in late 1999.



Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.