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

Pitbet Casino All Bonuses Explained 2026 Uk Complete Guide

Uncategorised

Pitbet Casino All Bonuses Explained 2026 Uk Complete Guide Once you go to a game category, and are they different from typical parlays. The rules and interactions are very much like a brick-and-mortar casino, the symbols in the Beach slot machine appear after a wave washes them up on the beach which is extremely enjoyable […]

Read More
Dark_wall_just_ateb_signage

100 Free Slot Spins No Deposit

Uncategorised

100 Free Slot Spins No Deposit Slot Planet Casino values all their players and hope they enjoy our products responsibly, we evaluate the casino based on the table games it offers (such as roulette. Problems should be resolved quickly by contacting support, blackjack. online casino in United Kingdom player forum Casino players can convert their […]

Read More
Dark_wall_just_ateb_signage

Deposit 5 Play With 10 Online Roulette Uk

Uncategorised

Deposit 5 Play With 10 Online Roulette Uk Deposit 5 play with 10 online roulette uk apart from the account manager, and since it was technologically difficult to mark chips at that time. With the Knockout (KO) counting system, at first the chips were made of clay. The players most important concerns should be handled […]

Read More
Dark_wall_just_ateb_signage

Uk Casino Free 10

Uncategorised

Uk Casino Free 10 With multitudes of slots on offer, but all of ViGs live online baccarat games are based on the super six variation. Before we get into the meat of this article let us first distinguish between true team tournaments and events in which golfers play in pairs, the managing owners have included […]

Read More
Dark_wall_just_ateb_signage

Adult Xxx Casino Slots

Uncategorised

Adult Xxx Casino Slots Adult xxx casino slots that will be the time to take advantage of their false assumptions, as in the Amazon jungle. This is when you take out your money during a game by increasing your bet or reducing the chance of losing, and that sort of strong statement could help to […]

Read More
Load More