FSAP: nine month deadline “challenging”

With only nine months to go before the Financial Services Action Plan (FSAP) is due to go live, all parties involved are being urged to step up the pace. The latest progress report, discussed at the European Parliamentary Financial Services Forum last month, said there are still some “tricky” legislative aspects that have to be completed before April next year including: the Prospectus Directive; revision of the Investment Services Directive and the third Capital Adequacy Directive.