Global Reach Partners announce Financial Services Authority (FSA) supervision

On 1 November 2009, a new Payment Services Directive was put in place, requiring all Money Services Businesses (MSBs) to be supervised by the FSA. The FSA requires all companies to be supervised by May 2011. The new supervision covers four customer focussed key areas; conduct of business, capital resources, safeguarded bank accounts and fit and proper tests. Stewart Blake CEO comments: "It was very important that we sought our supervision as early as possible. It demonstrates our commitment to our customers to deliver our services within an industry-led framework, that puts the customer experience first." For more information go to: http://www.fsa.gov.uk/