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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Client conversations might need to be recorded from January 2018. Are you ready?
What you need to know about this new regulatory activity.
A timely reminder of when you need to notify the FCA.
700 firms to participate in this thematic review. Read this for details.
Pensions reforms – new advice rules
Alistair MacDougall Compliance 2015, 2016, 2017, FCA, Pension, Pension Transfer, PI
New rules around pension advice came into effect on 25 Aprill 2016. See here for details.