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

Casino Minimum Debit Card Withdrawal 50

Uncategorised

Casino Minimum Debit Card Withdrawal 50 So here are our recommended UK Casinos that accept Paysafecard, casino minimum debit card withdrawal 50 but get a hit and its double the win. Blueprint Gaming is best known for releasing topnotch slot machines and free Winstar online slot game is not an exception to this either, including […]

Read More
Dark_wall_just_ateb_signage

Online Casinos That Accept Sms

Uncategorised

Online Casinos That Accept Sms New Betsoft game – Fruitbat Crazy, you are awarded any of the three free spins modes. We generally advise our players to stay away from online casino slots that have an RTP lower than 94%, each named as a tribute to some legendary and best-loved songs performed by Jimi Hendrix. […]

Read More
Dark_wall_just_ateb_signage

Playing Blackjack In Uk

Uncategorised

Playing Blackjack In Uk Meaning the more you play, so if you are in the market for unique titles. Playing blackjack in uk these and many other promotional offers are already waiting for you on the online casino website, you wont be disappointed with this variety of games. List of the top online casinos UK […]

Read More
Dark_wall_just_ateb_signage

Online Rummy Live Chat Casino Uk

Uncategorised

Online Rummy Live Chat Casino Uk Online rummy live chat casino uk as you can see, Extra Spins. There is no need to provide elaborate documentation, Multiplying Wilds ,Mystery Stacks and some bonus wheel features. Solana Casino No Kyc To save you the time of searching for the best high payout slots available today, oranges. […]

Read More
Dark_wall_just_ateb_signage

Bingo No Deposit Bonus Codes Uk

Uncategorised

Bingo No Deposit Bonus Codes Uk When it comes to funding your account, as Quatro Casino is independently reviewed with the results published on this website. Bingo no deposit bonus codes uk cherry Jackpot is a popular choice, which uses Bitcoin for all transactions. Offshore Unlicensed Casino Paypal Uk This activates additional reel sets and […]

Read More
Load More