The Consumer Panel has monitored the FSA's activities in this area since the beginning of 2002. It has put forward its concerns that about the lack of regulation in this area, and suggested that the FSA should discuss the problem with other regulatory bodies to work out how consumers can best be protected when investing in these products.

The main themes of the Panel's correspondence have been both the scope of the FSA's remit, and the need to inform consumers directly about what is going on. To inform consumers better, the Panel firstly suggested that the FSA should ask individual firms to write to their customers direct, giving specific information. Secondly, that the FSA should publish on its website at least, the names of all splits which have announced that they have a problem with their financial position on the London Stock Exchange.

The Consumer Panel is in ongoing dialogue with the FSA about its continuing investigations into the selling of split caps.