The latest round of FCA Business Risk Awareness Workshops (BRAW) have been announced for the North-East and North Yorkshire and will take place over coming weeks.
The relevant postcodes are DH, DL, HG, LS, NE, SR, TS, BD, BB, CA, LA.
You should have received an invitation if you are in one of these postcodes.
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These are important events. They form part of the FCA’s approach to supervising smaller firms.
If you haven’t received an invitation, check SPAM etc, and if need be contact the FCA.
It is important that you make every effort to attend.
Re-familiarise yourselves with the Business Risk Awareness assessment process here of which these workshops are only the first part. They will be followed up by regulatory reviews and potentially further follow-up work.
If you need any support or preparation assistance, please contact us here.
FCS Transitional Arrangements
Steve Bailey Compliance Update
As you will be aware the Financial Services Authority ceased to be and the Financial Conduct Authority took over the regulation of financial advice firms on 01 April 2013.
The FSA issued PS13/05 last week which includes updated rules and transition arrangements. The policy statement itself is 88 pages but the ‘appendix (3)’ that accompanies it is a mere 1990 pages so you must excuse us for not as yet absorbing every word. The document can be seen here.