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.
Free Spins At Casino No Credit Card Needed
Uncategorised
Free Spins At Casino No Credit Card Needed The big prize comes when you unlock the challenge that leads to the pot of gold at the end of the rainbow, and registration in general. The K – J symbols have the lowest values in the game and offer payouts ranging between 0.8 and 1.75x your […]