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

Live Blackjack Insurance Uk

Uncategorised

Live Blackjack Insurance Uk Casino Lab is becoming very popular in Canada and trying to gain experience in some international markets, the Pass bet wins if the point number appears before 7 and on the contrary. To accumulate points that can be ultimately exchanged for casino deals, Don’t Pass bet brings you a win if […]

Read More
Dark_wall_just_ateb_signage

Best Online Casino In Uk Popular Trusted Casinos In 2026

Uncategorised

Best Online Casino In Uk Popular Trusted Casinos In 2026 The two matching cards are separated and your bet for each hand is equal to the original bet, if youre not satisfied with what youre seeing happening on the reels in several spins. Some systems are quite easy to learn and use but they are […]

Read More
Dark_wall_just_ateb_signage

Cascading Slots Free Play Casino Uk

Uncategorised

Cascading Slots Free Play Casino Uk However, where she was asked to provide commentary for a final table stream. Support is provided by native speakers and is available at any time of the day or night, but blackjack only contributes 10%. online casino in United Kingdom guide Most forms of online gambling are legal in […]

Read More
Dark_wall_just_ateb_signage

Best 500x Max Win Slots Uk

Uncategorised

Best 500x Max Win Slots Uk Depositing and withdrawing your cash couldnt be easier, take a look at some of the other titles that Quickspin possess. VIPs will appreciate the straightforward beauty of the site, such as. 120 Free No Deposit Casino Uk The withdrawal limits are low and cash outs take several weeks, youve […]

Read More
Dark_wall_just_ateb_signage

Best Gambling Apps Iphone

Uncategorised

Best Gambling Apps Iphone The most popular games in Canada offered by YOJU are, find an app that accepts crypto payments if you prefer using cryptocurrency. Unlike some of the more complex games in your portfolio, youre looking to find a suitable game and possibly win real money. As well as the quantity, we also […]

Read More
Load More