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Consumer Duty starts to take hold

Consumer Duty rules will take full effect from 31 July 2023. However, it is starting to show its face already. This message is now appearing on Connect in some circumstances. “The majority of firm types that need to apply for authorisation or existing firms seeking to vary their permissions will need to comply with […]

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31 August 2022

Online Supervisor’s Training Course

Huw Reynolds Compliance training

We have developed an online training course to assist T&C supervisors demonstrate competence in their role.

14 August 2022

New Content Integration with EBI, Periodic Review Template Updates & Much More

David Anderson Suitability 2022, abridged, Defaqto, EBI, MiFID, Pension, platform, protection, Switch, Update

We have completed the latest upgrade to ATEB Suitability on 14th August 2022. This update comes at no additional cost and provides various template related enhancements as well as a new addition to our content integration library. Full details of the enhancements can be found in the tables below, but some of the highlights are: […]

9 August 2022

Appointed Representative regime changes

Paul Jay Compliance complaints, Conduct, FCA, Register

In our previous article following the issuance of FCA’s Policy Statement PS22/11, we covered the Regulator’s rationale for changes to the Appointed Representative (AR) regime and the outcomes it is looking for. This article looks in more detail at the new rules and requirements and the wider impacts of the revised requirements.

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9 August 2022

Changes coming to the Appointed Representatives Regime – and soon!

Paul Jay Compliance 2018, 2019, 2021, 2022, complaints, Conduct, FCA, FOS, FSCS, PI, protection, Update

FCA recently published Policy Statement (PS22/11) announcing some key changes to the Appointed Representatives (AR) regime, affecting both AR firms and their Principals.

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3 August 2022

Financial Sanctions Checks

Shirley McKenzie Compliance Conduct, FCA, PI

In response to Russia’s invasion of Ukraine, the FCA published information about the tranche of sanctions announced in relation to Russia and Belarus and the HM Treasury’s Office of Financial Sanctions Implementation (OFSI) has been regularly updating its publications to provide new information as it becomes available. Financial sanctions – a firm’s obligations The FCA […]

29 July 2022

Product Governance multi-firm review by the FCA

Michael Senior Compliance 2022, Conduct, email, FCA, protection

The FCA conducted a multi-firm review to assess whether manufacturers of general insurance and pure protection products are undertaking the necessary work to comply with PROD 4 of the FCA Handbook. The FCA will email a letter to all firms with general insurance permissions, and those that manufacture or distribute pure protection products by […]

27 July 2022

FCA delays Consumer Duty rules

Shirley McKenzie Compliance email, FCA, protection, Update

The FCA has confirmed a delay to the introduction of Consumer Duty rules. The press release details are described in this note we have received from the FCA. “We have now published our Consumer Duty press release, policy statement and final guidance on our website – please see the links below: Press release: […]

13 July 2022

FG22/4 – FCA approach to compromise arrangements

Paul Jay Compliance complaints, Conduct, FCA, FOS, FSCS, Senior Manager, Xplan

The FCA has issued final guidance (FG22/4) for regulated firms entering into, or considering entering into compromise arrangements with creditors and/or shareholders. When economic conditions are challenging, inevitably some firms are unable to survive and may need to enter into compromise arrangements with some or all of their creditors and/or shareholders. This involves creating […]

6 July 2022

FCA Business Plan – 2022/23

Michael Senior Compliance 2022, Conduct, FCA, Pension, PI, transfer, Update

The FCA recently published its Business Plan for 2022/23. The plan explains the programme of work for this year to achieve the three-year strategy also published recently. The plan states that the FCA has grouped its commitments into three areas: reducing and preventing serious harm – our focus is on protecting consumers from the harm that […]

ATEB Compliance is now Thistle Initiatives

Our new website is www.thistleinitiatives.co.uk. There will be no further posts here from ATEB Compliance. You can keep up to date with all of our usual regulatory and company updates here going forward.

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