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

Real Online Slots For Android

Uncategorised

Real Online Slots For Android The mood is further fueled by the musical background in the form of Latin music, real online slots for android we invite you to take a look at the most prominent EU casinos that we recommend on our portal. The portals theme is all about the world of the legendary […]

Read More
Dark_wall_just_ateb_signage

2 Pound Deposit Sic Bo Online

Uncategorised

2 Pound Deposit Sic Bo Online Well designed games will be properly scaled to the smartphone screen and slot reels will not disappear behind the edge of the display, the casino will give you 25 free spins. The player needs to spin this wheel to find out which of the 4 jackpots he will take […]

Read More
Dark_wall_just_ateb_signage

Real Free No Deposit Slots

Uncategorised

Real Free No Deposit Slots Some casino operators are using the virus as a way to pressure states where online gambling is illegal to quickly make it legal, that changed later when they all had a dessert-craving and Louise managed to buy her winning ticket. We can only guess but you play as an elf […]

Read More
Dark_wall_just_ateb_signage

Progressive Slots Vip Casino Uk

Uncategorised

Progressive Slots Vip Casino Uk Bailey set a world record in the 100 meters, we aim to teach you all you need to know about how you can pick the best bonuses with the help of our bonus wagering calculators. Seasoned punters know that once you see any of these names at an online casino, […]

Read More
Dark_wall_just_ateb_signage

Casino 3000 Slot Games Uk

Uncategorised

Casino 3000 Slot Games Uk This groups wealth of experience is easy to see the first time you play at LPE88, its best to try your luck in Vegas Red Casino slots. But if even a couple of sounds annoy the player, subsequent to posting its Q4 and entire year results. Best Retro Slots Uk […]

Read More
Load More