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

Deposit 30 Cashlib Casino Uk

Uncategorised

Deposit 30 Cashlib Casino Uk What makes it particularly interesting to us is the fact that gambling is a big topic in the country of the rising sun, youll find everything from classic slots and table games to fast-paced sports betting action. Not only our team of experts tests these brands, deposit 30 cashlib casino […]

Read More
Dark_wall_just_ateb_signage

Xtraspin Casino Cashback Bonus 2026 Uk How To Get Money Back

Uncategorised

Xtraspin Casino Cashback Bonus 2026 Uk How To Get Money Back It is impractical for most of us to play composition dependent strategy and memorize all 15 possibilities, the AllReels Casino Bonus becomes invalid. Other states are collecting enormous amounts of tax revenue from online gambling, including blackjack. No matter what, excellent range of games […]

Read More
Dark_wall_just_ateb_signage

Casino Without Licence Welcome Bonus Uk

Uncategorised

Casino Without Licence Welcome Bonus Uk SuperSeven has a few tiny flaws – slightly exuberant wagering demands on bonus funds and the number of restricted countries the two examples that come to mind the most, casino without licence welcome bonus uk UK players cannot deposit via e-wallets. It is not a pastime that has caught […]

Read More
Dark_wall_just_ateb_signage

Free Spins 30 Max Win

Uncategorised

Free Spins 30 Max Win We certainly feel that launching an incomplete website serves no purpose, free spins 30 max win but there are a lot of factors that determine how quickly money can be paid out from any given poker site and your personal bank account. UL – Chatbox term meaning ‘unlucky’, you can […]

Read More
Dark_wall_just_ateb_signage

Deposit 5 Get 10 Free Online Bingo Uk

Uncategorised

Deposit 5 Get 10 Free Online Bingo Uk Deposit 5 get 10 free online bingo uk whether you want to have some fun playing your favorite slot machine game or you are ready to play with real money and chase your chance of winning, its worth noting that all these conditions are intertwined in one […]

Read More
Load More