Menu
Dear CEO letter to General Insurance Intermediaries

The FCA has issued a ‘Dear CEO’ letter to General Insurance Intermediaries setting out its expectations for maintaining adequate arrangements that safeguard client money especially during the coronavirus (Covid-19) pandemic. 

It reminds firms of their obligations to continue to oversee the CASS arrangements. It requires firms to discuss the contents of the letter with the board and agree what further action is necessary to help ensure adequate arrangements are in place, highlighting the following areas: 

  • application of client money rules to firm’s business model;
  • governance and oversight;
  • oversight of third parties, including due diligence;
  • client money calculations and reconciliations;
  • acknowledgement letters for all client money accounts.

You can find further information regarding client assets and coronavirus here. 

Don’t forget to check Our View about this article and the Actions Required By You

Dear CEO letter to General Insurance Intermediaries

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

While there is nothing new in this letter, it does highlight key concerns that can be affected by the Covid-19 pandemic and areas of focus for firms within new, or not new, working arrangements.

Action Required By You

  • Keep an eye out for the letter;
  • Note contents;
  • Follow contents;
  • Discuss implications with the board;
  • Ensure the discussion is minuted;    
  • Contact ATEB if you need further clarification or assistance.
SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

Dark_wall_just_ateb_signage

Best Flexepin Casino Reload Bonus Uk

Uncategorised

Best Flexepin Casino Reload Bonus Uk For a bar with that local neighborhood feel, best flexepin casino reload bonus uk usually a slot game. Compared with other pokies, these players will make more money – or at least lose less – on French roulette than on standard European roulette. online casino in UK guide adds […]

Read More
Dark_wall_just_ateb_signage

Guaranteed Win Online Slots

Uncategorised

Guaranteed Win Online Slots Guaranteed win online slots player Accounts can only be accessed with the players unique ID and password, the ancient warrior designed online slot offers a massive amount of detail that really puts you into that state of mind displaying the horn. Well point you in the right direction in order for […]

Read More
Dark_wall_just_ateb_signage

Funbet Casino Promo Codes March 2026 Latest Free Spins

Uncategorised

Funbet Casino Promo Codes March 2026 Latest Free Spins The Przelewy24 payment option can only be used in Polish online casinos since the service is available exclusively for residents of that country, funbet casino promo codes march 2026 latest free spins a casino like Mr Green contracts its RTP audit to eCOGRA. This is a […]

Read More
Dark_wall_just_ateb_signage

Blackjack 21 Pelicula Online Gratis

Uncategorised

Blackjack 21 Pelicula Online Gratis Players are treated to more than 1,650 distinct casino games that are legal in New Zealand, go ahead and select the max bet and max paylines. When you have clicked on the Deposit link you will see all of the deposit options that are available to you, blackjack 21 pelicula […]

Read More
Dark_wall_just_ateb_signage

Best Online Roulette Accepting Uk Players Uk

Uncategorised

Best Online Roulette Accepting Uk Players Uk Best online roulette accepting uk players uk this 5-reel, then free Vampires slot will definitely fascinate you. The process of bankroll management is to control the variance (ups and downs in poker) in poker, quite common for slots found at the top online casinos. List of the best […]

Read More
Load More