Regulatory net catches travel agents

Bobby Deegan of Watertrace Consulting finds the hidden benefits of regulation for travel firms assessing their options ahead of 2009

Publication of the Financial Services Authority’s (FSA) consultation paper (CP 07/22) in December not only sets out the timetable to regulation of “Connected Travel Insurance” from January 2009, but also clarifies the extent to which the FSA is considering deviation from its existing intermediary regime, which is not very much at all.