Someone who waffles speaks or writes at length in a vague or trivial manner.
Avoid reports that waffle. Use an Executive Summary to get to the point quickly. Put the detail in the subsequent sections and supporting information or reference material in appendices.
Join the campaign to make waffling a fineble offence!
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FCS Transitional Arrangements
Steve Bailey Compliance Update
As you will be aware the Financial Services Authority ceased to be and the Financial Conduct Authority took over the regulation of financial advice firms on 01 April 2013.
The FSA issued PS13/05 last week which includes updated rules and transition arrangements. The policy statement itself is 88 pages but the ‘appendix (3)’ that accompanies it is a mere 1990 pages so you must excuse us for not as yet absorbing every word. The document can be seen here.