Arch wanted FSA to restrict its activities

Arch Financial Products says it asked the FSA to restrict its ability to manage investments, includin...

Arch Financial Products says it asked the FSA to restrict its ability to manage investments, including the suspended Arch cru range, in a bid to reassure investors. The FSA register shows the company now needs written permission from the regulator to provide investment advice and transactions, or act as an investment agent. But Arch managing partner Robin Farrell says this will enable the group to focus on finding a solution to the suspension of the cru fund range and shows the process is under regulatory scrutiny. He adds: "Following a request from Arch, the FSA has temporarily restric...