We wrote a few weeks ago about incoming changes to how firms access their FCA systems to upgrade data protection. You can read that article here.
The new system will replace the current 6-digit passcode with the user needing to log in using a One Time Passcode (OTP).
The implementation date of 20th January has now been delayed until Thursday 2nd February.
We will provide further updates as and when these are available.
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.
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One of a series of roadshows the FCA is running around the country, this session offered some new insights into a topic that should be familiar to advisers but which it seems that many are still not getting right.
Are you prepared for the changes to capital adequacy for personal investment firms that come into effect on 30th June?
More Choice – More Flexibility – More Relevance
The FCA reminds firms of their expectations in relation to conflicts of interest.
FCA Positive Compliance – Mortgage Session
Alistair MacDougall Compliance 2015, 2017, FCA, FOS, Mortgage, PI, Switch, TCF
“The advice process: building a solid base.”
A summary of the FCA mortgage roadshow.