In Consultation Paper ‘CP13/5: Review of the client asset regime for investment business’ here, the FCA proposed changes to the rules in CASS to address specific risks, to clarify the requirements firms must comply with and to enhance the client assets regime to achieve better results for consumers and increase confidence in financial markets.
The Policy Statement ‘PS14/9: Review of the client assets regime for investment business’ here, followed on from the consultation and summarised the feedback the FCA received, provided their response and set out final rules.
In the May 2015 issue of their Regulation Round-Up, the FCA reminded firms of the timescales for complying with the changes and, to help firms understand the changes, they published a recording of a CASS briefing held in January for CASS medium firms.
This is a useful video which you can watch here.
Regulatory Change – Proposed Changes to the Normal Minimum Pension Age
David Anderson Suitability 2021, Conduct, NMPA, normal minimum pension age, Pension, protected, protection, transfer, Update
We have made a change to ATEB Suitability following a recent regulatory development. What does this mean for me? Following the Draft Finance Bill published on 20 July 2021, we have updated the wording of our ‘Proposed changes to Normal Minimum Pension Age (NMPA)’ section within the ‘Retirement Advice’ page of the main […]