Industry: Regulators Must Clarify Sponsored Access Rules

The European guidelines for sponsored access are unclear, says Niki Beattie, president of the market structure practice with SunGard, who chaired a panel on the topic during a SunGard-sponsored conference last week. The "murky" guidelines from the U.K. Financial Services Authority (FSA) are "... as clear as the Thames on a murky day," she says. "If you wade in, you may find a few nasty surprises under the water."

According to a November 2008 newsletter from the U.K. regulator, sponsored access is

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