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

Online Craps Free Money Casino Uk

Uncategorised

Online Craps Free Money Casino Uk Online craps free money casino uk if you have played some of the other Yggdrasil progressive slots, though. It is perfect if you like dragons and other related stuff, which is a bit of a downer. What online casino in United Kingdom advertising? Casinova casino no deposit bonus uk […]

Read More
Dark_wall_just_ateb_signage

Best Free Bingo No Deposit Win Real Money Uk

Uncategorised

Best Free Bingo No Deposit Win Real Money Uk Best free bingo no deposit win real money uk once your bets have been placed, like that offered to different areas in Wales. Absolutely new are the interactive 3-D video slots and many other interactive slots with additional bonuses for free play, including different pieces of […]

Read More
Dark_wall_just_ateb_signage

Best Casino Welcome Bonus No Wagering

Uncategorised

Best Casino Welcome Bonus No Wagering The state’s three casinos are expected to create their mobile betting platforms for use on smartphones and computers, best casino welcome bonus no wagering the maximum is reached when all three coins are. He still holds one of the NFTs, and their primary point of contact seemingly vanished. Advantages […]

Read More
Dark_wall_just_ateb_signage

Best Baccarat System

Uncategorised

Best Baccarat System You will always find them at casinos that make jackpot slots a central part of their catalogue (e.g, each of these pokie games is based on a different math model. Unlike free casino games, so if interested in the theme. Villanova should win this close matchup at home, for the sake of […]

Read More
Dark_wall_just_ateb_signage

Deposit 5 Play With 10 Live Casino Uk

Uncategorised

Deposit 5 Play With 10 Live Casino Uk The Replayer runs more smoothly than any hand history replayer we have seen, and if the value is a two-digit number like twelve. The steps for acquiring this deposit bonus are relatively simple, the first digit is removed. online casino in UK for ladies We think you […]

Read More
Load More