摘要：1.1 In July 2007 we published Discussion Paper 07/04: Review of the Prudential rules for
Personal Investment Firms1 (the DP). The DP set out our early thinking on potential
changes to the prudential rules2 for personal investment firms (PIFs)3, and to industry
practice, in order to mitigate better the market failures in the sector. The DP invited
responses to questions designed to generate stakeholder feedback on the need for
changes to the relevant prudential requirements to achieve the desired outcomes. The
discussion period lasted until 7 January 2008.
1.2 We received 48 responses to the DP from PIFs, product providers, compliance
consultants and trade associations. In this Feedback Statement (FS), we summarise
and comment on the responses and indicate how we will take forward the respective
issues raised.
